131
STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED MARCH
31, 2014
(
`
in crores)
Note Page
2013-2014
2012-2013
I.
REVENUE FROM OPERATIONS
23 (1)
154
37,758.00
49,319.73
Less : Excise duty
(3,469.89)
(4,554.01)
34,288.11
44,765.72
II.
OTHER INCOME
23 (2)
154
3,833.03
2,088.20
III.
TOTAL REVENUE (I + II)
38,121.14
46,853.92
IV.
EXPENSES :
(a) Cost of materials consumed
39 167
20,492.87
27,244.28
(b) Purchase of products for sale
33 165
5,049.82
5,864.45
(c) Changes in inventories of finished goods, work-in-progress,
and products for sale
371.72
(143.60)
(d) Employee cost / benefits expense
24 155
2,877.69
2,837.00
(e) Finance cost
25 155
1,337.52
1,387.76
(f) Depreciation and amortisation expense
147
2,070.30
1,817.62
(g) Product development expense / Engineering expenses
428.74
425.76
(h) Other expenses
26 155
6,987.53
7,783.32
(i)
Expenditure transferred to capital and other accounts
(1,009.11)
(953.80)
TOTAL EXPENSES
38,607.08
46,262.79
V.
PROFIT / (LOSS) BEFORE EXCEPTIONAL ITEMS, EXTRAORDINARY ITEMS AND
TAX (III - IV)
(485.94)
591.13
VI.
EXCEPTIONAL ITEMS
(a) Exchange loss (net) including on revaluation of foreign currency borrowings,
deposits and loans
273.06
263.12
(b) Provision for loan given and costs associated with closure of operations of a
subsidiary
202.00
245.00
(c) Diminution in the value of investments in a subsidiary
17.52
(9.67)
(d) Employee separation cost
47.28
-
(e) Profit on sale of a division
43 (iii)
169
-
(82.25)
539.86
416.20
VII. PROFIT / (LOSS) BEFORE EXTRAORDINARY ITEMS AND TAX (V - VI)
(1,025.80)
174.93
VIII.
Extraordinary items
-
-
IX.
PROFIT / (LOSS) BEFORE TAX FROM CONTINUING OPERATIONS (VII - VIII)
(1,025.80)
174.93
X.
Tax credit (net)
6 (b)
144
(1,360.32)
(126.88)
XI.
PROFIT AFTER TAX FOR THE YEAR FROM CONTINUING OPERATIONS (IX - X)
334.52
301.81
XII. EARNINGS PER SHARE
27 156
A.
Ordinary shares
(Face value of
`
2 each)
a.
Basic
`
1.03
0.93
b. Diluted
`
1.03
0.93
B.
‘A’ Ordinary shares (Face value of
`
2 each)
a.
Basic
`
1.13
1.03
b.
Diluted
`
1.13
1.03
XIII. NOTES FORMING PART OF FINANCIAL STATEMENTS
In terms of our report attached
For and on behalf of the Board
For
DELOITTE HASKINS & SELLS LLP
CharteredAccountants
B P SHROFF
Partner
Mumbai, May 29, 2014
NNWADIA
R AMASHELKAR
S BHARGAVA
NMUNJEE
V K JAIRATH
F NAYAR
R SPETH
Directors
CYRUS PMISTRY
Chairman
RAVI KANT
Vice-Chairman
R PISHARODY
ExecutiveDirector
S B BORWANKAR
ExecutiveDirector
C RAMAKRISHNAN
ChiefFinancialOfficer
HK SETHNA
CompanySecretary
Mumbai, May 29, 2014
Independent Auditors’Report
Balance Sheet
(130)
(131)
Statement of Profit and Loss
Cash Flow Statement
Notes to Accounts
