|
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 |
43,578.87 |
35,359.15 |
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|
Other operating revenue |
1,106.36 |
1,068.45 |
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|
Revenue from operations |
44,685.23 |
36,427.60 |
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|
Other income |
1,402.45 |
1,181.42 |
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|
Total income |
46,087.68 |
37,609.02 |
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|
|
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|
Expenses |
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|
Cost of raw materials and components consumed |
29,268.59 |
24,009.01 |
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|
Purchase of traded goods |
2,545.30 |
2,143.85 |
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|
Changes in inventories of finished goods, work-in-progress and traded goods |
(70.45) |
(98.11) |
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|
Employee benefits expense |
1,537.56 |
1,444.90 |
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|
Finance costs |
53.50 |
39.48 |
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|
Depreciation and amortisation expense |
349.84 |
282.44 |
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|
Other expenses |
2,628.86 |
2,406.63 |
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|
Expenses, included in above items, capitalised |
(47.53) |
(27.82) |
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|
Total expenses |
36,265.67 |
30,200.38 |
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|
|
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|
Profit before tax |
9,822.01 |
7,408.64 |
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|
|
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|
Tax expense |
||||||
|
Current tax |
2,283.60 |
1,854.82 |
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|
Deferred tax |
59.62 |
(73.78) |
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|
Total tax expense |
2,343.22 |
1,781.04 |
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|
|
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|
Profit for the year |
7,478.79 |
5,627.60 |
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|
|
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|
Other comprehensive income |
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|
Items that will not be reclassified to profit or loss |
||||||
|
Actuarial gains/(losses) of defined benefit plans |
35.48 |
(2.11) |
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|
Tax impact on above |
(8.93) |
0.53 |
||||
|
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 |
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|
Valuation gains/(losses) on derivative hedging instruments |
– |
(80.53) |
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|
Tax impact on above |
– |
20.27 |
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|
|
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|
Other comprehensive income for the year (net of tax) |
765.13 |
238.88 |
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|
|
||||||
|
Total comprehensive income for the year |
8,243.92 |
5,866.48 |
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|
|
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|
Basic and diluted Earnings per share (in ₹) |
264.6 |
197.3 |
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|
(Nominal value per share ₹ 10) |
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|
Summary of material accounting policies followed by the Company |
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The accompanying notes are an integral part of the 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 |
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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) |