Consolidated Profit and Loss Statement
 
FOR THE YEAR ENDED MARCH 31, 2013
(Rs. in crores)
  Note Page 2012-2013   2011-2012
I. REVENUE FROM OPERATIONS 24 (I) 185     193,583.95   170,677.58
Less : Excise duty (4,766.32) (5,023.09)
188,817.63 165,654.49
II. OTHER INCOME 24 (II) 185 811.53 661.77
III. TOTAL REVENUE (I + II) 189,629.16 166,316.26
IV. EXPENSES :
(a) Cost of materials consumed   111,600.44 100,797.44
(b) Purchase of products for sale 11,752.07 11,205.86
(c) Changes in inventories of finished goods, work-in-progress, and products for sale (3,031.43) (2,535.72)
(d) Employee cost/benefits expense 25 186 16,584.05 12,298.45
(e) Finance cost 26 186 3,553.34 2,982.22
(f ) Depreciation and amortisation expense 7,569.30 5,625.38
(g) Product development/Engineering expenses 2,021.59 1,389.23
(h) Other expenses 27 186 35,535.58 28,453.97
(i) Expenditure transferred to capital and other accounts (10,191.97) (8,265.98)
TOTAL EXPENSES 175,392.97 151,950.85
V. PROFIT BEFORE EXCEPTIONAL ITEMS, EXTRAORDINARY ITEMS AND TAX (III - IV) 14,236.19 14,365.41
VI. EXCEPTIONAL ITEMS
(a) Exchange loss (net) including on revaluation of foreign currency borrowings, deposits and loans 515.09 654.11
(b) Impairment of Intangibles and other costs 87.62 177.43
    602.71 831.54
VII. PROFIT BEFORE EXTRAORDINARY ITEMS AND TAX (V - VI) 13,633.48 13,533.87
VIII. Extraordinary items
IX. PROFIT BEFORE TAX FROM CONTINUING OPERATIONS (VII - VIII) 13,633.48 13,533.87
X. Tax expense / (credit) 6 178 3,770.99 (40.04)
XI. PROFIT AFTER TAX FROM CONTINUING OPERATIONS (IX - X) 9,862.49 13,573.91
XII. Share of profit of associates (net) 113.79 24.92
XIII. Minority interest (83.67) (82.33)
XIV. PROFIT FOR THE YEar 9,892.61 13,516.50
Xv. Earnings Per Share 28 187    
A. Ordinary shares (Face value of Rs. 2 each)  
  a. Basic Rs. 31.02 42.58
  b. Diluted Rs. 30.94 40.71
B. 'A' Ordinary shares (Face value of Rs. 2 each)    
  a. Basic Rs. 31.12 42.68
b. Diluted Rs. 31.04 40.81
XVI. NOTES FORMING PART OF FINANCIAL STATEMENTS      
In terms of our report attached For and on behalf of the Board
For DELOITTE HASKINS & SELLS
Chartered Accountants
CYRUS P MISTRY
Chairman
N N WADIA KARL SLYM
Managing Director
   R A MASHELKAR R PISHARODY
Executive Director
N VENKATRAM
Partner
N MUNJEE S B BORWANKAR
Executive Director
  RAVI KANT
Vice-Chairman
S BHARGAVA C RAMAKRISHNAN
Chief Financial Officer
  V K JAIRATH H K SETHNA
Company Secretary
R SPETH
Directors
Mumbai, May 29, 2013 Mumbai, May 29, 2013