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  2. Corporate Review
  3. Statement of Profit and Loss

Statement of
Profit and Loss

` in crores

Particulars Note For the year ended
March 31, 2017		 For the year ended
March 31, 2016
INCOME      
Revenue from operations (gross) 25 30,846.12 30,700.88
Other income 26 522.43 422.43
Total Income   31,368.55 31,123.31
EXPENSES      
Cost of raw materials consumed 27 18,948.64 19,321.72
Changes in inventories of finished goods and work-in-progress 28 63.17 (11.88)
Excise duty on sale of goods   2,371.13 2,258.18
Employee benefits expenses 29 1,396.01 1,315.93
Finance costs 30 6.05 4.89
Depreciation and amortisation expenses 5 492.73 437.64
Other expenses 31 3,432.36 3,361.96
Total expenses   26,710.09 26,688.44
Profit before tax   4,658.46 4,434.87
Tax expense 32    
Current tax   1,082.08 960.88
Deferred tax charge   199.26 313.80
Total tax expense   1,281.34 1,274.68
Profit for the year   3,377.12 3,160.19
OTHER COMPREHENSIVE INCOME      
Items that will not be reclassified to profit or loss:-      
Re-measurement gains (losses) on defined benefit plans   (21.53) (3.63)
Income tax benefit   7.45 1.26
Net other comprehensive income not to be reclassified to profit or loss   (14.08) (2.37)
Total Comprehensive income for the year, net of tax   3,363.04 3,157.82
Earnings per share (of ` 2 each) in ` 33    
(a) Basic   169.12 158.26
(b) Diluted   169.12 158.26
See accompanying notes to the financial statements 1 to 46    

In terms of our report attached
For DELOITTE HASKINS & SELLS
Chartered Accountants



Jaideep Bhargava
Partner


Gurugram
May 10, 2017

For and on behalf of the Board of Directors

Pawan Munjal
Chairman, Managing Director & CEO
DIN- 00004223

Pradeep Dinodia
Chairman- Audit Committee
DIN- 00027995

New Delhi
May 10, 2017

Niranjan Kumar Gupta
Chief Financial Officer


Neerja Sharma
Company Secretary

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