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Statement of Profit and Loss |
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(₹ In Crore) |
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For the year ended 31 March |
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Particulars |
Note No. |
2022 |
2021 |
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Revenue from contracts with customers |
32,135.98 |
27,132.90 |
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|
Other operating revenue |
1,008.73 |
608.18 |
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|
Revenue from operations |
33,144.71 |
27,741.08 |
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|
Other income |
1,209.24 |
1,276.46 |
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|
Total income |
34,353.95 |
29,017.54 |
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|
Expenses |
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|
Cost of raw materials and components consumed |
22,169.88 |
18,308.09 |
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Purchase of traded goods |
1,971.98 |
1,521.04 |
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|
Changes in inventories of finished goods, work-in-progress and traded goods |
187.96 |
(219.48) |
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|
Employee benefits expense |
1,358.80 |
1,285.96 |
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|
Finance costs |
8.66 |
6.66 |
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|
Depreciation and amortisation expense |
269.17 |
259.28 |
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|
Other expenses |
2,210.76 |
1,929.26 |
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|
Expenses, included in above items, capitalised |
(13.31) |
(12.27) |
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|
Total expenses |
28,163.90 |
23,078.54 |
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|
Profit before exceptional items and tax |
6,190.05 |
5,939.00 |
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|
Exceptional items |
(315.28) |
– |
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|
Profit before tax |
6,505.33 |
5,939.00 |
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|
Tax expense |
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|
Current tax |
1,667.11 |
1,348.10 |
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|
Deferred tax |
(180.65) |
36.31 |
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|
Total tax expense |
1,486.46 |
1,384.41 |
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|
Profit for the year |
5,018.87 |
4,554.59 |
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|
Other comprehensive income |
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|
Items that will not be reclassified to profit or loss |
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|
Actuarial gains/(losses) of defined benefit plans |
17.94 |
16.33 |
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|
Tax impact on above |
(4.52) |
(4.11) |
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|
Changes in fair value of FVTOCI equity instruments |
605.59 |
567.27 |
||||
|
Tax impact on above |
(67.61) |
(65.71) |
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|
Items that will be reclassified to profit or loss |
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|
Valuation gains/(losses) on derivative hedging instruments |
(40.87) |
276.65 |
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|
Tax impact on above |
10.29 |
(69.63) |
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|
Other comprehensive income for the year (net of tax) |
520.82 |
720.80 |
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|
Total comprehensive income for the year |
5,539.69 |
5,275.39 |
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|
Basic and diluted Earnings per share (in ₹) |
173.6 |
157.5 |
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|
(Nominal value per share ₹ 10) |
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Summary of significant accounting policies followed by the Company |
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The accompanying notes are an integral part of the |
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As per our report of even date |
On behalf of the Board of Directors |
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For S R B C & CO LLP Chartered Accountants ICAI Firm Registration Number: 324982E/E300003 per Arvind Sethi Partner Membership Number: 089802 Pune: 27 April 2022 |
Niraj Bajaj Chairman Rajiv Bajaj Managing Director Madhur Bajaj Vice Chairman |
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Dinesh Thapar Chief Financial Officer Dr. J Sridhar Company Secretary |