Profit and Loss Statement
 
FOR THE YEAR ENDED MARCH 31, 2013
(Rs.in crores)
  Note Page 2012-2013   2011-2012
I. REVENUE FROM OPERATIONS 23 (1) 144     49,319.73   59,220.94
Less : Excise duty   (4,554.01) (4,914.38)
44,765.72 54,306.56
II. OTHER INCOME 23 (2) 144 2,088.20 574.08
III. TOTAL REVENUE (I + II)   46,853.92 54,880.64
IV. EXPENSES :  
(a) Cost of materials consumed 39 157 27,244.28 33,894.82
(b) Purchase of products for sale 33 155 5,864.45 6,433.95
(c) Changes in inventories of finished goods, work-in-progress, and products for sale   (143.60) (623.84)
(d) Employee cost / benefits expense 24 145 2,837.00 2,691.45
(e) Finance cost 25 145 1,387.76 1,218.62
(f ) Depreciation and amortisation expense   137 1,817.62 1,606.74
(g) Product development expense / Engineering expenses   425.76 234.25
(h) Other expenses 26 145 7,773.65 8,405.51
(i) Expenditure transferred to capital and other accounts (953.80) (907.13)
TOTAL EXPENSES 46,253.12 52,954.37
V. PROFIT BEFORE EXCEPTIONAL ITEMS, EXTRAORDINARY ITEMS AND TAX (III - IV) 600.80 1,926.27
VI. EXCEPTIONAL ITEMS
(a) Exchange loss (net) including on revaluation of foreign currency borrowings, deposits and loans 263.12 455.24
(b) Provision for loan given to a subsidiary 245.00 130.00
(c) Profit on sale of a division 43 (ii) 159 (82.25)
      425.87 585.24
VII. PROFIT BEFORE EXTRAORDINARY ITEMS AND TAX (V - VI) 174.93 1,341.03
VIII. Extraordinary items
IX. PROFIT BEFORE TAX FROM CONTINUING OPERATIONS (VII - VIII) 174.93 1,341.03
X. Tax (credit) / expense 6 (b) 134 (126.88) 98.80
XI. PROFIT AFTER TAX FOR THE YEAR FROM CONTINUING OPERATIONS (IX - X) 301.81 1,242.23
XII. EARNINGS PER SHARE 27 146
A. Ordinary shares (Face value of Rs.2 each)  
a. Basic Rs. 0.93 3.90
b. Diluted Rs. 0.93 3.77
B. 'A' Ordinary shares (Face value of Rs.2 each)  
a. Basic Rs. 1.03 4.00
b. Diluted Rs. 1.03 3.87
XIII. 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