173
CONSOLIDATED STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED MARCH 31, 2014
(
`
in crores)
Note Page
2013-2014
2012-2013
I.
REVENUE FROM OPERATIONS
24 (I)
195
236,626.43
193,698.47
Less : Excise duty
(3,792.77)
(4,905.78)
232,833.66
188,792.69
II.
OTHER INCOME
24 (II)
195
828.59
815.59
III.
TOTAL REVENUE (I + II)
233,662.25
189,608.28
IV.
EXPENSES :
(a)
Cost of materials consumed
135,550.04
113,851.34
(b)
Purchase of products for sale
10,876.95
9,266.00
(c)
Changes in inventories of finished goods,
work-in-progress and products for sale
(2,840.58)
(3,029.29)
(d)
Employee cost / benefits expense
25
196
21,556.42
16,632.19
(e)
Finance cost
26
196
4,733.78
3,560.25
(f)
Depreciation and amortisation expense
11,078.16
7,601.28
(g)
Product development / Engineering expenses
2,565.21
2,021.59
(h)
Other expenses
27
196
43,825.77
35,648.33
(i)
Expenditure transferred to capital and other accounts
(13,537.85)
(10,193.45)
TOTAL EXPENSES
213,807.90
175,358.24
V.
PROFIT BEFORE EXCEPTIONAL ITEMS,
EXTRAORDINARY ITEMS AND TAX (III - IV)
19,854.35
14,250.04
VI.
EXCEPTIONAL ITEMS
(a)
Exchange loss (net) including on revaluation
of foreign currency borrowings, deposits and loans
707.72
515.09
(b)
Provision for costs associated with closure of operations
and impairment of intangibles
224.16
87.62
(c)
Employee separation cost
53.50
-
985.38
602.71
VII.
PROFIT BEFORE EXTRAORDINARY ITEMS AND TAX (V -VI)
18,868.97
13,647.33
VIII.
Extraordinary items
-
-
IX.
PROFIT BEFORE TAX FROM CONTINUING OPERATIONS (VII - VIII)
18,868.97
13,647.33
X.
Tax expense
6
188
4,764.79
3,776.66
XI.
PROFIT AFTER TAX FROM CONTINUING OPERATIONS (IX - X)
14,104.18
9,870.67
XII.
Share of profit / (loss) of associates (net)
(53.71)
105.61
XIII.
Minority interest
(59.45)
(83.67)
XIV.
PROFIT FOR THE YEAR
13,991.02
9,892.61
XV.
EARNINGS PER SHARE
28
197
A.
Ordinary shares
(Face value of
`
2 each)
a.
Basic
`
43.51
31.02
b.
Diluted
`
43.50
30.94
B.
‘A’Ordinary shares (Face value of
`
2 each)
a.
Basic
`
43.61
31.12
b.
Diluted
`
43.60
31.04
XVI.
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
(173)
(172)
Statement of Profit and Loss
Cash Flow Statement
Notes to Accounts
