Atul Ltd 2013-14

69 As per our attached report of even date For and on behalf of the Board of Directors For Dalal & Shah Firm Registration Number: 102020W Sunil S Lalbhai Chartered Accountants Chairman and Managing Director G S Patel S S Baijal B S Mehta Anish P Amin S M Datta Partner V S Rangan Samveg A Lalbhai Membership Number: 40451 T R Gopi Kannan R A Shah Managing Director Mumbai President, Finance and S Nammalvar Mumbai May 02, 2014 Company Secretary Directors May 02, 2014 Statement of Profit and Loss for the year ended March 31, 2014 { ` in crore (cr) } Particulars Note 2013-14 2012-13 REVENUE Revenue from operations (gross) 20 2,516.05 2,123.27 Less: Excise duty 150.60 121.79 Revenue from operations (net) 2,365.45 2,001.48 2,365.45 2,001.48 Other income 21 39.62 20.46 2,405.07 2,021.94 EXPENSES Cost of materials consumed 22 1,324.60 1,127.05 Purchase of stock-in-trade 23.69 16.36 Changes in inventories of finished goods, work-in-progress and stock-in-trade 23 (66.47) (0.06) Employee benefit expenses 24 139.79 127.60 Finance costs 25 31.43 31.62 Depreciation and amortisation expenses 11 54.23 49.06 Other expenses 26 600.71 483.27 2,107.98 1,834.90 Profit before exceptional items and tax 297.09 187.04 Exceptional items Reversal of previous year finance costs - 5.38 - 5.38 Profit before tax 297.09 192.42 Tax expense Current tax 76.12 52.05 Deferred tax 8.23 4.85 Less: Tax adjustments (Previous year: ` 20,214) (0.05) - 84.30 56.90 Profit for the year 212.79 135.52 Basic and diluted earning ` per Equity Share 27.7 71.74 45.69 Significant Accounting Policies 1 Notes form an integral part of these Financial Statements