Consolidated Statement of Profit and Loss
for the year ended 31 March 2016
(
`
in crores)
Notes
Year ended
31 March 2016
Year ended
31 March 2015
REVENUE:
Revenue from Operations
21
2,705.62
2,416.38
Less: Excise Duty
287.13
229.49
2,418.49
2,186.89
Other Income
22
3.79
7.22
Total Revenue
2,422.29
2,194.11
EXPENSES:
Cost of Materials Consumed
23
668.35
564.15
Purchases of Stock in Trade
243.72
361.10
Changes in Inventories
24
-65.72
-91.86
Employee benefits Expense
25
252.66
207.32
Finance costs
26
36.82
29.39
Depreciation and amortization expense
12 & 13
72.62
55.88
Other Expenses
27
856.13
792.05
Total expenses
2,064.58
1,918.03
Profit before exceptional items and tax
357.71
276.08
Exceptional items
Litigation Settlement - Entry Tax
0.00
5.75
Profit before tax
357.71
270.33
Tax expense:
Current tax
Current year
111.35
78.98
Earlier years
-0.13
-0.37
MAT Credit Entitlement
0.00
-1.29
Deferred tax
Current year
12.51
8.11
PROFIT AFTER TAX (Before adjustment for Minority Interest)
233.98
184.90
Less : Share of profit transferred to Minority
4.78
9.30
Profit for the Year
229.20
175.60
Earnings per equity share in
`
(Face Value of
`
2/- each)
Basic
28.84
22.74
Diluted
28.80
22.74
Significant Accounting Policies
1
The accompanying Notes 1 to 44 form an integral part of these financial statements.
In terms of our report of even date annexed
For and on behalf of the Board
For O. P. Bagla & Co.
Ashok Kajaria
Chetan Kajaria
Rishi Kajaria
Chartered Accountants
Chairman & Managing Director
Jt. Managing Director
Jt. Managing Director
FRN No. 000018N
(DIN: 00273877)
(DIN: 00273928)
(DIN: 00228455)
Atul Bagla
Partner
Ram Chandra Rawat
Sanjeev Agarwal
Membership No.: 91885
Executive V.P. (A&T) & Company Secretary
CFO
Place: New Delhi
(FCS No. 5101)
Dated: 28th April, 2016
137
Annual Report 2015-16
