|
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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|
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 |
1,284.14 |
1,276.46 |
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|
Total income |
34,428.85 |
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 |
1,362.79 |
1,288.10 |
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|
Finance costs |
8.66 |
6.66 |
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|
Depreciation and amortisation expense |
269.76 |
259.37 |
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|
Other expenses |
2,215.49 |
1,930.92 |
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|
Expenses, included in above items, capitalised |
(13.31) |
(12.27) |
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|
Total expenses |
28,173.21 |
23,082.43 |
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|
Share of profits of associate |
579.53 |
306.32 |
||||
|
Profit before exceptional items and tax |
6,835.17 |
6,241.43 |
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|
Exceptional items |
(816.51) |
– |
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|
Profit before tax |
7,651.68 |
6,241.43 |
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|
Tax expense |
||||||
|
Current tax |
1,667.11 |
1,348.10 |
||||
|
Deferred tax |
(181.30) |
36.31 |
||||
|
Total tax expense |
1,485.81 |
1,384.41 |
||||
|
Profit after tax |
6,165.87 |
4,857.02 |
||||
|
Profit attributable to non-controlling interest |
– |
– |
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|
Profit for the year |
6,165.87 |
4,857.02 |
||||
|
Other comprehensive income |
||||||
|
Items that will not be reclassified to profit or loss |
||||||
|
Actuarial gains/(losses) of defined benefit plans |
17.94 |
16.33 |
||||
|
Tax impact on above |
(4.52) |
(4.11) |
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|
Actuarial gains/(losses) of defined benefit plans – share of associate of subsidiary |
2.39 |
2.80 |
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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 |
||||||
|
Valuation gains/(losses) on derivative hedging instruments |
(40.87) |
276.65 |
||||
|
Tax impact on above |
10.29 |
(69.63) |
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|
Other adjustments – share of associate of subsidiary |
21.13 |
(63.60) |
||||
|
Change in foreign currency translation reserve of subsidiary |
(113.98) |
92.95 |
||||
|
Other comprehensive income (net of tax) |
430.36 |
752.95 |
||||
|
Total comprehensive income for the year |
6,596.23 |
5,609.97 |
||||
|
Profit attributable to: |
||||||
|
Owners of the Company |
6,165.87 |
4,857.02 |
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|
Non-controlling interest |
– |
– |
||||
|
6,165.87 |
4,857.02 |
|||||
|
Total comprehensive income attributable to: |
||||||
|
Owners of the Company |
6,596.23 |
5,609.97 |
||||
|
Non-controlling interest |
– |
– |
||||
|
6,596.23 |
5,609.97 |
|||||
|
Basic and diluted Earnings per share (in ₹) |
213.2 |
167.9 |
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|
(Nominal value per share ₹ 10) |
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|
Summary of significant accounting policies followed by the Group |
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The accompanying notes are an integral part of the consolidated financial statements |
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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 |