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F-75
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
CONSOLIDATED STATEMENT OF PROFIT AND LOSS
(
R
in crores)
Year ended March 31,
Note
2017
2016
I.
Income from operations
31
274,492.12
277,660.59
II.
Other income
32
754.54
885.35
III.
Total Income (I+II)
275,246.66
278,545.94
IV.
Expenses:
(a) Cost of materials consumed
(i) Cost of materials consumed
160,147.12
151,065.61
(ii) Basis adjustment on hedge accounted derivatives
(777.57)
2,226.88
(b) Purchase of products for sale
13,924.53
12,841.52
(c) Changes in inventories of finished goods, work-in-progress and products for sale
(7,399.92)
(2,750.99)
(d) Excise duty
4,799.61
4,614.99
(e) Employee benefits expense
33
28,332.89
28,880.89
(f) Finance costs
34
4,238.01
4,889.08
(g) Foreign exchange (gain)/loss (net)
3,910.10
1,616.88
(h) Depreciation and amortisation expense
17,904.99
16,710.78
(i)
Product development/Engineering expenses
3,413.57
3,468.77
(j)
Other expenses
35
55,430.06
55,683.75
(k) Amount capitalised
(16,876.96)
(16,678.34)
Total Expenses (IV)
267,046.43
262,569.82
V.
Profit before exceptional items and tax (III-IV)
8,200.23
15,976.12
VI.
Exceptional Items:
(a) Employee separation cost
67.61
32.72
(b) Others
12(iv) & 45(b)
(1,182.17)
1,817.63
VII.
Profit before tax (V-VI)
9,314.79
14,125.77
VIII.
Tax expense
20
(a) Current tax
3,137.66
1,862.05
(b) Deferred tax
113.57
1,163.00
Total tax expense
3,251.23
3,025.05
IX.
Profit/(loss) for the year from continuing operations (VII-VIII)
6,063.56
11,100.72
X.
Share of profit/(loss) of joint ventures and associates (net)
7
1,493.00
577.47
XI.
Profit for the year (IX+X)
7,556.56
11,678.19
Attributable to:
(a) Shareholders of the Company
7,454.36
11,579.31
(b) Non-controlling interests
102.20
98.88
XII.
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)
(7,823.75)
4,867.37
(b) Quoted equity instruments at fair value through other comprehensive income
83.15
68.79
(c) Share of other comprehensive income in equity accounted investees (net)
(6.08)
(1.34)
(d) Gains and (losses) in cash flow hedges of forecast inventory purchases
2,026.77
2,430.04
(ii)
Income tax (expense)/credit relating to items that will not be reclassified to profit or loss:
867.35
(1,514.57)
(B) (i)
Items that will be reclassified to profit or loss:
(a) Exchange differences in translating the financial statements of foreign operations
(9,678.58)
1,687.11
(b) Gains and (losses) in cash flow hedges of forecast sales
(15,565.66)
(5,371.92)
(c) Share of other comprehensive income in associates and joint ventures (net)
(304.70)
29.00
(ii)
Income tax (expense)/credit relating to items that will be reclassified to profit or loss:
2,906.93
962.98
Total Other comprehensive income/(loss) for the year (net of tax)
(27,494.57)
3,157.46
Attributable to:
(a)
Shareholders of the Company
(27,460.30)
3,145.33
(b)
Non-controlling interests
(34.27)
12.13
XIII.
Total comprehensive income/(loss) for the year (net of tax) (XI+XII)
(19,938.01)
14,835.65
Attributable to:
(a)
Shareholders of the Company
(20,005.94)
14,724.64
(b)
Non-controlling interests
67.93
111.01
XIV.
Earnings per equity share (EPS)
43
(A) Ordinary shares (face value of
`
2 each):
(i)
Basic EPS
`
21.94
34.25
(ii)
Diluted EPS
`
21.93
34.24
(B) ‘A’Ordinary shares (face value of
`
2 each):
(i)
Basic EPS
`
22.04
34.35
(ii)
Diluted EPS
`
22.03
34.34
See accompanying notes to the consolidated financial statements