|
Consolidated Statement of Profit and Loss |
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|
(₹ In Crore) |
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|
Particulars |
Note No. |
For the year ended 31 March |
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|
2024 |
2023 |
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|
|
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|
Revenue from contracts with customers |
43,782.08 |
35,391.52 |
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|
Other operating revenue |
1,088.35 |
1,063.86 |
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|
Revenue from operations |
44,870.43 |
36,455.38 |
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|
Other income |
1,436.02 |
1,187.52 |
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|
Total income |
46,306.45 |
37,642.90 |
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|
|
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|
Expenses |
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|
Cost of raw materials and components consumed |
29,267.47 |
24,073.13 |
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|
Purchase of traded goods |
2,702.10 |
2,148.45 |
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|
Changes in inventories of finished goods, work-in-progress and traded goods |
(76.34) |
(100.33) |
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|
Employee benefits expense |
1,627.00 |
1,484.47 |
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|
Finance costs |
60.36 |
39.51 |
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|
Depreciation and amortisation expense |
364.77 |
285.85 |
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|
Other expenses |
2,636.17 |
2,426.95 |
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|
Expenses, included in above items, capitalised |
(47.53) |
(27.82) |
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|
Total expenses |
36,534.00 |
30,330.21 |
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|
|
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|
Share of profits of associate |
267.59 |
529.29 |
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|
|
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|
Profit before tax |
10,040.04 |
7,841.98 |
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|
|
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|
Tax expense |
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|
Current tax |
2,285.67 |
1,854.89 |
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|
Deferred tax |
46.13 |
(73.12) |
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|
Total tax expense |
2,331.80 |
1,781.77 |
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|
|
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|
Profit after tax |
7,708.24 |
6,060.21 |
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|
|
||||||
|
Profit attributable to non-controlling interest |
– |
– |
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|
|
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|
Profit for the year |
7,708.24 |
6,060.21 |
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|
|
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|
Other comprehensive income |
||||||
|
Items that will not be reclassified to profit or loss |
||||||
|
Actuarial gains/(losses) of defined benefit plans |
33.70 |
(2.11) |
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|
Tax impact on above |
(8.58) |
0.53 |
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|
Actuarial gains/(losses) of defined benefit plans – share of associate of subsidiary |
– |
– |
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|
Changes in fair value of FVTOCI equity instruments |
831.82 |
337.14 |
||||
|
Tax impact on above |
(93.24) |
(36.42) |
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|
Items that will be reclassified to profit or loss |
||||||
|
Valuation gains/(losses) on derivative hedging instruments |
– |
(80.53) |
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|
Tax impact on above |
– |
20.27 |
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|
Other adjustments – share of associate of subsidiary |
(85.37) |
12.11 |
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|
Change in foreign currency translation reserve of subsidiary |
25.72 |
301.92 |
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|
|
||||||
|
Other comprehensive income (net of tax) |
704.05 |
552.91 |
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|
|
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|
Total comprehensive income for the year |
8,412.29 |
6,613.12 |
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|
|
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|
Profit attributable to: |
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|
Owners of the Company |
7,708.24 |
6,060.21 |
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|
Non-controlling interest |
– |
– |
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|
|
7,708.24 |
6,060.21 |
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|
Total comprehensive income attributable to: |
||||||
|
Owners of the Company |
8,412.29 |
6,613.12 |
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|
Non-controlling interest |
– |
– |
||||
|
8,412.29 |
6,613.12 |
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|
|
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|
Basic and diluted Earnings per share (in ₹) |
272.7 |
212.5 |
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|
(Nominal value per share ₹ 10) |
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|
Summary of material accounting policies followed by the Group |
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The accompanying notes are an integral part of the consolidated financial statements |
On behalf of the Board of Directors |
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|
As per our report of even date |
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For S R B C & CO LLP Chartered Accountants ICAI Firm Registration Number: 324982E/E300003 |
Niraj Bajaj Chairman |
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|
Dinesh Thapar Chief Financial Officer |
Rajiv Bajaj Managing Director (DIN: 00018262) |
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|
per Arvind Sethi Partner Membership Number: 089802 Pune: 18 April 2024 |
Rajiv Gandhi Company Secretary |
Anami N. Roy Chairman – Audit Committee (DIN: 01361110) |