213 / 370
F-9
STATEMENT OF PROFIT AND LOSS
(
R
in crores)
Year ended March 31,
Note
2017
2016
I.
Income from operations
32
49,100.41
47,383.61
II.
Other Income
33
978.84
1,402.31
III.
Total Income (I + II)
50,079.25
48,785.92
IV.
Expenses:
(a)
Cost of materials consumed
27,654.40
24,997.40
(b) Purchases of products for sale
3,945.97
4,101.97
(c)
Changes in inventories of finished goods, work-in-progress, and products for sale
(251.43)
10.05
(d) Excise duty
4,736.41
4,538.14
(e)
Employee benefits expense
34
3,558.52
3,188.97
(f)
Finance costs
35
1,590.15
1,592.00
(g) Foreign exchange (gain)/loss (net)
(252.45)
222.91
(h)
Depreciation and amortisation expense
2,969.39
2,329.22
(i)
Product development/Engineering expenses
454.48
418.27
(j)
Other expenses
36
8,697.42
8,216.65
(k)
Amount capitalised
(941.55)
(1,034.40)
Total Expenses (IV)
52,161.31
48,581.18
V.
Profit/(loss) before exceptional items and tax (III-IV)
(2,082.06)
204.74
VI.
Exceptional Items
(a)
Provision for impairment of investments and cost associated with closure of operations of a subsidiary
-
97.86
(b) Provision for impairment of investment in a subsidiary
123.17
-
(c)
Impairment of capitalised property, plant and equipment and other intangible assets
-
163.94
(d) Employee separation cost
67.61
10.04
(e)
Others
37
147.93
-
VII.
Profit/(loss) before tax (V-VI)
(2,420.77)
(67.10)
VIII.
Tax expense/(credit) (net)
29
(a)
Current tax
44.52
(7.34)
(b) Deferred tax
14.70
2.54
Total Tax Expense/(credit)
59.22
(4.80)
IX.
Profit/(loss) for the year from continuing operations (VII-VIII)
(2,479.99)
(62.30)
X.
Other comprehensive income/(loss):
A.
(i) Items that will not be reclassified to profit or loss:
a.
Remeasurement gains and (losses) on defined benefit obligations (net)
10.18
20.77
b.
Equity instruments fair value through other comprehensive income
73.84
81.19
(ii) Income tax (expense)/credit relating to items that will not be reclassified to profit or loss
(3.79)
(7.19)
B.
(i) Items that will be reclassified to profit or loss - gains and (losses) in cash flow hedges
23.32
(13.98)
(ii) Income tax (expense)/credit relating to items that will be reclassified to profit or loss
(8.07)
4.68
Total other comprehensive income/(loss), net of taxes
95.48
85.47
XI
Total comprehensive income/(loss) for the year (IX+X)
(2,384.51)
23.17
XII.
Earnings per equity share (EPS)
39
A.
Ordinary shares (face value of
R
2 each) :
(i) Basic
R
(7.30)
(0.18)
(ii) Diluted
R
(7.30)
(0.18)
B.
‘A’Ordinary shares (face value of
R
2 each) :
(i) Basic
R
(7.30)
(0.18)
(ii) Diluted
R
(7.30)
(0.18)
See accompanying notes to 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 23, 2017
R AMASHELKAR
[DIN:00074119]
NMUNJEE
[DIN:00010180]
V K JAIRATH
[DIN:00391684]
OP BHATT
[DIN:00548091]
R SPETH
[DIN:03318908]
Directors
NCHANDRASEKARAN
[DIN:00121863]
Chairman
GUENTER BUTSCHEK
[DIN:07427375]
CEO&ManagingDirector
R PISHARODY
[DIN:01875848]
ExecutiveDirector
S B BORWANKAR
[DIN:01793948]
ExecutiveDirector
C RAMAKRISHNAN
GroupChiefFinancialOfficer
HK SETHNA
[FCS:3507]
CompanySecretary
Mumbai, May 23, 2017