Statement of Profit and Loss

for the year ended 31st March 2014

(₹ in Crores)  

Note No. 2013-2014 2012-2013
INCOME      
Revenue from operations (Gross)   270.82 664.33
(Refer para no. 10 of note 23 )      
Other Income 18 101.55 185.49
Total Revenue (A)   372.37 849.82
EXPENSES      
Realty cost incurred (Refer para no. 22 of note 23 )   707.82 378.39
Changes in finished goods inventory   55.12 (127.95)
Changes in realty work-in-progress   (649.35) 102.35
Cost of realty sales (B)   113.59 352.79
Employee benefit expenses 19 54.57 64.01
Finance costs 20 98.91 161.57
Depreciation   5.91 5.90
Other expenses 21 49.29 48.73
Expenses (C)   208.68 280.21
Total expenses D = (B+ C)   322.27 633.00
Profit before tax (E) = (A - D)   50.10 216.82
Less : Tax expense      
Current tax   10.33 43.15
MAT credit entitlement   (10.33) (23.30)
Tax Effect on Debenture issue expenses   4.16 -
Tax Effect on Merger   21.05 -
    25.21 19.85
Deferred tax   (24.25) 0.02
Total tax expense (F)   0.96 19.87
Net profit after tax (E) - (F)   49.14 196.95
Earning per equity share - Face value of ₹ 2 (P.Y. ₹ 2)      
(Refer para no. 20 of note 23)      
Basic   1.76 7.05
Diluted   1.76 7.05
Significant accounting policies 22    
Notes forming part of accounts 23    

As per our attached report of even date

    For and on behalf of the Board of Directors

For Haribhakti & Co.
Chartered Accountants

Urvi A. Piramal
Chairperson

Rajeev A. Piramal
Vice Chairman &
Managing Director

Mahesh S. Gupta
Group Managing Director

Chetan Desai
Partner

D.M. Popat
Director

Amitabha Ghosh
Director

Dr. Ajay Dua
Director

 

Sudhindar Khanna
Director

Deepak Summanwar
Director

 

Place: Mumbai
Date : 26th May 2014

Bharat Sanghavi
Chief Financial Officer

Rajashekhar Reddy
Company Secretary