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
