STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED 31ST MARCH, 2017

(` in crore)
  Notes 2016-17 2015-16
INCOME
Revenue from operations      
Sale of Products 23 2,64,909 2,51,100
Income from Services   132 141
    2,65,041 2,51,241
Other Income 24 8,709 7,821
Total Income   2,73,750 2,59,062
EXPENSES
Cost of Material Consumed   1,64,250 1,52,769
Purchase of Stock-in-Trade   5,161 4,241
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 25 (4,839) 4,171
Excise duty and service tax   23,016 18,083
Employee Benefits Expense 26 4,434 4,262
Finance Costs 27 2,723 2,562
Depreciation / Amortisation and Depletion Expense   8,465 8,590
Other Expenses 28 29,763 28,368
Total Expenses   2,32,973 2,23,046
Profit Before Tax   40,777 36,016
Tax Expenses      
Current Tax 11 8,333 7,801
Deferred Tax 17 1,019 831
Profit for the Year   31,425 27,384
Other comprehensive income:      
i.  Items that will not be reclassified to Statement of Profit and Loss 26.1(iv) 35 (1)
ii. Income tax relating to items that will not be reclassified to Statement of Profit and Loss (Previous Year ` 23,63,459)   (7)  
iii.Items that will be reclassified to Statement of Profit and Loss 24.1 2,752 1,067
iv.Income tax relating to items that will be reclassified to Statement of Profit and Loss   (588) (228)
Total comprehensive income for the year   33,617 28,222
Earnings per equity share of face value of ` 10 each      
Basic (in `) 29 96.90 84.56
Diluted (in `) 29 96.73 84.39
Significant Accounting Policies      
See accompanying Notes to the Financial Statements 1 to 41    
As per our Report of even date   For and on behalf of the Board
For Chaturvedi & Shah
Chartered Accountants		 For Deloitte Haskins & Sells LLP
Chartered Accountants		 For Rajendra & Co.
Chartered Accountants

M.D. Ambani
N.R. Meswani
H.R. Meswani
P.M.S. Prasad
P. K. Kapil
M.L. Bhakta
Y.P. Trivedi
Dr. D.V. Kapur
Prof. Ashok Misra
Prof. Dipak C. Jain
Dr. R.A. Mashelkar
Adil Zainulbhai
Nita M. Ambani
Raminder Singh Gujral

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Chairman & Managing Director

Executive Directors
Rajesh D. Chaturvedi
Partner 		A. B. Jani
Partner 		A.R. Shah
Partner

Directors
Alok Agarwal
Chief Financial Officer		 Srikanth Venkatachari
Joint Chief Financial Officer		 K. Sethuraman
Company Secretary
Mumbai
Date : April 24, 2017