Profit and Loss Account for the year ended 31st March, 2004
Rs. in crores
Schedule
2003-2004
Revised
2002-2003
INCOME
Sales
2583.57
2418.53
Other Income
13
26.09
23.61
Increase / (Decrease) in Stock
14
(11.30)
(21.04)
2598.36
2421.10
EXPENDITURE
Consumption of raw materials
15
1238.76
1158.62
Purchase of finished goods and semi finished goods
Nil
0.41
Excise duty
376.85
365.80
Payments to and provision for employees
16
40.99
41.07
Manufacturing, administrative and selling expenses
17
365.34
341.65
Interest and charges
18
43.82
59.86
2065.76
1967.41
Profit before Depreciation and Tax
532.60
453.69
Less : Provision for depreciation [includes Rs.Nil,
(p.y.Rs.94.74 crores written off for licence fees)]
155.57
224.65
Profit before Tax and Exceptional item
377.03
229.04
Less : Provision for taxation - Current tax
Deferred tax
54.50
75.73
16.50
(17.80)
Profit after Tax and before Exceptional item Less : Provision for depreciation [includes Rs.Nil,
246.80 Nil
230.34 13.98
Net Profit
246.80
216.36
Balance in profit and loss account brought forward
66.37
0.83
Profit available for Appropriation Less : Proposed dividend on preference shares
: Proposed dividend on equity shares
: Tax on dividend
: Transferred to general reserve
313.17
0.17
31.75
4.09
100.00
217.19
Nil
31.75
4.07
115.00
Balance carried to Balance Sheet
177.16
66.37
Weighted average number of equity shares outstanding during the year
Basic and diluted earnings per share (before exceptional item) (in Rs.)
Basic and diluted earnings per share (after exceptional item) (in Rs.)
Notes forming part of accounts 19
79382484
31.09
31.09
79382484
29.02
27.26
As per our report of even date
For Hemanshu Shah & Co.
Chartered Accountants
