Statement of Profit and Loss

( ₹ in Crore )
For the year ended 31 March
Particulars Note No. 2021 2020
Revenue from contracts with customers 27,132.90 29,111.54
Other operating revenue 608.18 807.11
Revenue from operations 21 27,741.08 29,918.65
Other income 22 1,276.46 1,733.56
Total income 29,017.46 31,652.21
       
Expenses
Cost of raw materials and components consumed 18,308.09 19,484.62
Purchase of traded goods 1,521.04 1,586.67
Changes in inventories of finished goods, work-in-progress and traded goods 23 (219.48) (63.01)
Employee benefits expense 24 1,285.96 1,389.21
Finance costs 25 6.66 3.16
Depreciation and amortisation expense 26 259.28 246.43
Other expenses 27 1,929.26 2,454.90
Expenses, included in above items, capitalised (12.27) (29.97)
Total expenses 23,078.54 25,072.01
       
Profit before exceptional items and tax 5,939.00 6,580.20
       
Exceptional items 28
       
Profit before tax 5,939.00 6,580.20
       
Tax expense
 Current tax 1,348.10 1,547.26
 Deferred tax 36.31 (67.04)
Total tax expense 29 1,384.41 1,480.22
       
Profit for the year 4,554.59 5,099.98
Other comprehensive income
Items that will not be reclassified to profit or loss
 Actuarial gains/(losses) of defined benefit plans 16.33 (37.95)
 Tax impact on above (4.11) 4.76
 Changes in fair value of FVTOCI equity instruments 567.27 (550.03)
 Tax impact on above (65.71) 62.39
Items that will be reclassified to profit or loss
 Valuation gains/(losses) on derivative hedging instruments 276.65 (221.11)
  Tax impact on above (69.63) 62.09
       
Other comprehensive income for the year (net of tax) 720.80 (679.85)
       
Total comprehensive income for the year 5,275.39 4,420.13
       
Basic and diluted Earnings per share (in Basic and diluted Earnings per share (in ₹) 30 157.5 176.3
(Nominal value per share ₹ 10)
Summary of significant accounting policies followed by the Company 1

The accompanying notes are an integral part of the financial statements.
As per our report of even date

On behalf of the Board of Directors

On behalf of the Board of Directors

For S R B C & CO LLP
Chartered Accountants
ICAI Firm Registration Number: 324982E/E300003

Rahul Bajaj
Chairman

Rahul Bajaj
Chairman

per Arvind Sethi
Partner
Membership Number: 89802
Pune: 29 April 2021

Soumen Ray
Chief Financial Officer
Dr. J Sridhar
Company Secretary
Rahul Bajaj
Chairman
Madhur Bajaj
Vice Chairman

Statement of Profit and Loss

( ₹ in Crore )
For the year ended 31 March
Particulars Note No. 2021 2020
Revenue from contracts with customers 27,132.90 29,111.54
Other operating revenue 608.18 807.11
Revenue from operations 21 27,741.08 29,918.65
Other income 22 1,276.46 1,733.56
Total income 29,017.46 31,652.21
       
Expenses
Cost of raw materials and components consumed 18,308.09 19,484.62
Purchase of traded goods 1,521.04 1,586.67
Changes in inventories of finished goods, work-in-progress and traded goods 23 (219.48) (63.01)
Employee benefits expense 24 1,285.96 1,389.21
Finance costs 25 6.66 3.16
Depreciation and amortisation expense 26 259.28 246.43
Other expenses 27 1,929.26 2,454.90
Expenses, included in above items, capitalised (12.27) (29.97)
Total expenses 23,078.54 25,072.01
       
Profit before exceptional items and tax 5,939.00 6,580.20
       
Exceptional items 28
       
Profit before tax 5,939.00 6,580.20
       
Tax expense
 Current tax 1,348.10 1,547.26
 Deferred tax 36.31 (67.04)
Total tax expense 29 1,384.41 1,480.22
       
Profit for the year 4,554.59 5,099.98
Other comprehensive income
Items that will not be reclassified to profit or loss
 Actuarial gains/(losses) of defined benefit plans 16.33 (37.95)
 Tax impact on above (4.11) 4.76
 Changes in fair value of FVTOCI equity instruments 567.27 (550.03)
 Tax impact on above (65.71) 62.39
Items that will be reclassified to profit or loss
 Valuation gains/(losses) on derivative hedging instruments 276.65 (221.11)
  Tax impact on above (69.63) 62.09
       
Other comprehensive income for the year (net of tax) 720.80 (679.85)
       
Total comprehensive income for the year 5,275.39 4,420.13
       
Basic and diluted Earnings per share (in Basic and diluted Earnings per share (in ₹) 30 157.5 176.3
(Nominal value per share ₹ 10)
Summary of significant accounting policies followed by the Company 1

The accompanying notes are an integral part of the financial statements.
As per our report of even date

On behalf of the Board of Directors

On behalf of the Board of Directors

For S R B C & CO LLP
Chartered Accountants
ICAI Firm Registration Number: 324982E/E300003

Rahul Bajaj
Chairman

Rahul Bajaj
Chairman

per Arvind Sethi
Partner
Membership Number: 89802
Pune: 29 April 2021

Soumen Ray
Chief Financial Officer
Dr. J Sridhar
Company Secretary
Rahul Bajaj
Chairman
Madhur Bajaj
Vice Chairman

Statement of Profit and Loss

( ₹ in Crore )
For the year ended 31 March
Particulars Note No. 2021 2020
Revenue from contracts with customers 27,132.90 29,111.54
Other operating revenue 608.18 807.11
Revenue from operations 21 27,741.08 29,918.65
Other income 22 1,276.46 1,733.56
Total income 29,017.46 31,652.21
       
Expenses
Cost of raw materials and components consumed 18,308.09 19,484.62
Purchase of traded goods 1,521.04 1,586.67
Changes in inventories of finished goods, work-in-progress and traded goods 23 (219.48) (63.01)
Employee benefits expense 24 1,285.96 1,389.21
Finance costs 25 6.66 3.16
Depreciation and amortisation expense 26 259.28 246.43
Other expenses 27 1,929.26 2,454.90
Expenses, included in above items, capitalised (12.27) (29.97)
Total expenses 23,078.54 25,072.01
       
Profit before exceptional items and tax 5,939.00 6,580.20
       
Exceptional items 28
       
Profit before tax 5,939.00 6,580.20
       
Tax expense
 Current tax 1,348.10 1,547.26
 Deferred tax 36.31 (67.04)
Total tax expense 29 1,384.41 1,480.22
       
Profit for the year 4,554.59 5,099.98
Other comprehensive income
Items that will not be reclassified to profit or loss
 Actuarial gains/(losses) of defined benefit plans 16.33 (37.95)
 Tax impact on above (4.11) 4.76
 Changes in fair value of FVTOCI equity instruments 567.27 (550.03)
 Tax impact on above (65.71) 62.39
Items that will be reclassified to profit or loss
 Valuation gains/(losses) on derivative hedging instruments 276.65 (221.11)
  Tax impact on above (69.63) 62.09
       
Other comprehensive income for the year (net of tax) 720.80 (679.85)
       
Total comprehensive income for the year 5,275.39 4,420.13
       
Basic and diluted Earnings per share (in Basic and diluted Earnings per share (in ₹) 30 157.5 176.3
(Nominal value per share ₹ 10)
Summary of significant accounting policies followed by the Company 1

The accompanying notes are an integral part of the financial statements.
As per our report of even date

On behalf of the Board of Directors

On behalf of the Board of Directors

For S R B C & CO LLP
Chartered Accountants
ICAI Firm Registration Number: 324982E/E300003

Rahul Bajaj
Chairman

Rahul Bajaj
Chairman

per Arvind Sethi
Partner
Membership Number: 89802
Pune: 29 April 2021

Soumen Ray
Chief Financial Officer
Dr. J Sridhar
Company Secretary
Rahul Bajaj
Chairman
Madhur Bajaj
Vice Chairman