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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2023 |
2022 |
|||||
|
||||||
Revenue from contracts with customers |
35,359.15 |
32,135.98 |
||||
Other operating revenue |
1,068.45 |
1,008.73 |
||||
Revenue from operations |
36,427.60 |
33,144.71 |
||||
Other income |
1,181.42 |
1,209.24 |
||||
Total income |
37,609.02 |
34,353.95 |
||||
|
||||||
Expenses |
||||||
Cost of raw materials and components consumed |
24,009.01 |
22,169.88 |
||||
Purchase of traded goods |
2,143.85 |
1,971.98 |
||||
Changes in inventories of finished goods, work-in-progress and traded goods |
(98.11) |
187.96 |
||||
Employee benefits expense |
1,444.90 |
1,358.80 |
||||
Finance costs |
39.48 |
8.66 |
||||
Depreciation and amortisation expense |
282.44 |
269.17 |
||||
Other expenses |
2,406.63 |
2,210.76 |
||||
Expenses, included in above items, capitalised |
(27.82) |
(13.31) |
||||
Total expenses |
30,200.38 |
28,163.90 |
||||
|
||||||
Profit before exceptional items and tax |
7,408.64 |
6,190.05 |
||||
|
||||||
Exceptional items |
– |
(315.28) |
||||
|
||||||
Profit before tax |
7,408.64 |
6,505.33 |
||||
|
||||||
Tax expense |
||||||
Current tax |
1,854.82 |
1,667.11 |
||||
Deferred tax |
(73.78) |
(180.65) |
||||
Total tax expense |
1,781.04 |
1,486.46 |
||||
|
||||||
Profit for the year |
5,627.60 |
5,018.87 |
||||
Other comprehensive income |
||||||
Items that will not be reclassified to profit or loss |
||||||
Actuarial gains/(losses) of defined benefit plans |
(2.11) |
17.94 |
||||
Tax impact on above |
0.53 |
(4.52) |
||||
Changes in fair value of FVTOCI equity instruments |
337.14 |
605.59 |
||||
Tax impact on above |
(36.42) |
(67.61) |
||||
Items that will be reclassified to profit or loss |
||||||
Valuation gains/(losses) on derivative hedging instruments |
(80.53) |
(40.87) |
||||
Tax impact on above |
20.27 |
10.29 |
||||
|
||||||
Other comprehensive income for the year (net of tax) |
238.88 |
520.82 |
||||
|
||||||
Total comprehensive income for the year |
5,866.48 |
5,539.69 |
||||
|
||||||
Basic and diluted Earnings per share (in ₹) |
197.3 |
173.6 |
||||
(Nominal value per share ₹ 10) |
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Summary of significant accounting policies followed by the Company |
The accompanying notes are an integral part of the financial statements. |
On behalf of the Board of Directors |
|
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 (DIN: 00028261) |
|
Dinesh Thapar Chief Financial Officer |
Rajiv Bajaj Managing Director (DIN: 00018262) |
|
per Arvind Sethi Partner Membership Number: 089802 Pune: 25 April 2023 |
Dr. J Sridhar Company Secretary |
Anami N. Roy Chairman – Audit Committee (DIN: 01361110) |