Statement of Profit and Loss

For the year ended 31st March, 2018

(` in crore)
  Notes 2017-18 2016-17
 
INCOME
Value of Sales   4,11,105 3,18,749
Income from Services   19,626 11,431
Value of Sales & Services (Revenue)   4,30,731 3,30,180
Less: GST Recovered   22,466 -
Revenue from Operations   4,08,265 3,30,180
Other Income 22 9,949* 9,443
Total Income   4,18,214 3,39,623
       
EXPENSES
Cost of Material Consumed   2,07,448 1,75,087
Purchase of Stock-in-Trade   68,628 42,431
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade 23 (8,610) (5,218)
Excise Duty and Service Tax   16,588 24,798
Employee Benefits Expense 24 9,523 8,388
Finance Costs 25 8,052 3,849
Depreciation / Amortisation and Depletion Expense 1 16,706 11,646
Other Expenses 26 50,512 38,500
Total Expenses   3,68,847 2,99,481
Profit Before Share of Profit / (Loss) of Associates and Joint Ventures and Tax   49,367 40,142
Share of Profit / (Loss) of Associates and Joint Ventures   59 (108)
Profit Before Tax   49,426 40,034
Tax Expenses      
Current Tax 12 10,098 8,880
Deferred Tax 12 3,248 1,321
Profit for the Year   36,080 29,833
Other comprehensive Income:      
i.  Items that will not be reclassified to Profit or Loss   495 225
ii. Income tax relating to items that will not be reclassified to Profit or Loss   (11) (7)
iii.Items that will be reclassified to Profit or Loss   (3,053) 2,198
iv.Income tax relating to items that will be reclassified to Profit or Loss   934 (589)
Total Other Comprehensive Income for the Year (Net of Tax)   (1,635) 1,827
Total Comprehensive Income for the Year   34,445 31,660
Net Profit attributable to:      
a)  Owners of the Company   36,075 29,901
b) Non Controlling Interest   5 (68)
Other Comprehensive Income attributable to:      
a)  Owners of the Company   (1,639) 1,823
b) Non Controlling Interest   4 4
Total Comprehensive Income attributable to:      
a)  Owners of the Company   34,436 31,724
b) Non Controlling Interest   9 (64)
Earnings per equity share of face value of ` 10 each      
Basic (in `) 27 60.94 50.67#
Diluted (in `) 27 60.89 50.57#
Significant Accounting Policies      
See accompanying Notes to the Financial Statements 1 to 39    
* Includes exceptional item of ` 1,087 crore
# After considering allotment of Bonus Equity Shares (Refer Note 27)
As per our Report of even date
For D T S & Associates
Chartered Accountants
(Registration No.142412W)
For S R B C & CO LLP
Chartered Accountants
(Registration No.324982E/E300003)
T P Ostwal
Partner
Membership No. 030848
Vikas Kumar Pansari
Partner
Membership No. 093649
Alok Agarwal
Chief Financial Officer
Srikanth Venkatachari
Joint Chief Financial Officer
K. Sethuraman
Company Secretary
Mumbai
Date : April 27, 2018
For and on behalf of the Board

M.D. Ambani

-

Chairman & Managing Director

N.R. Meswani
H.R. Meswani
P.M.S. Prasad
P. K. Kapil

Executive Directors

M.L. Bhakta
Y.P. Trivedi
Prof. Ashok Misra
Prof. Dipak C. Jain
Dr. R.A. Mashelkar
Adil Zainulbhai
Nita M. Ambani
Raminder Singh Gujral
Shumeet Banerji

Directors