STATEMENT OF PROFIT AND LOSS

 Sources of Funds  Year Ended  18 months ended 
31-03-2016 31-03-2015
 REVENUE:    
 (i)Revenue from operations (Gross)  8,31,51,04,580 11,68,74,40,079
 Less: Excise duty 37,16,91,706 40,35,59,720
 Revenue from operations(Net) 7,94,34,12,874 11,28,38,80,359
 (ii) Other Income 8,62,12,642 10,34,10,408
 Total Revenue 8,02,96,25,516 11,38,72,90,767
 Expenses:    
 Cost of materials consumed 6,17,17,18,550 11,99,77,65,688
 Changes in inventories of finished goods, work in progress and stock in trade (28,56,32,818)  (2,82,28,45,443)
 Employee benefit expenses 49,67,67,519  71,43,67,574
 Finance cost 51,59,02,314  75,20,97,675
 Depreciation and amortization expenses 30,76,46,002  47,24,63,759
Other expenses 47,84,68,209  53,93,45,592
 Total Expenses 7,68,48,69,776  11,65,31,94,845
 Profit before Exceptional item and taxes  34,47,55,740  (26,59,04,078)
Exceptional Item    
Remission of cane commission liability relating to earlier year (net of tax) (refer note no 7 of note no 29B0 4,91,83,132 -
Profit before taxes 39,39,38,872 (26,59,04,078)
Tax Expenses    
 (1) Current Tax    
Current period 1,44,99,843  -
Less- MAT credit entitlement (1,35,44,925)  -
2) Deferred Tax 33,21,111 (9,84,02,376)
 Profit/(Loss) for the period after tax 38,96,62,843 (16,75,01,702)
 Earning per equity share (Nominal value 10 per share)    
 (1) Basic 22.02  (13.54)
(2) Diluted  22.02  (13.54)