STATEMENT OF PROFIT AND LOSS

 Sources of Funds  Year Ended  Year Ended 
31-03-2017 31-03-2016
 REVENUE:    
 (i)Revenue from operations (Gross) 12,56,10,27,082 8,31,51,04,580
 Less: Excise duty 65,69,95,272 37,16,91,706
 Revenue from operations(Net) 11,90,40,31,810 7,94,34,12,874
 (ii) Other Income 9,44,16,203 8,62,12,642
 Total Revenue 11,99,84,48,013 8,02,96,25,516
 Expenses:    
 Cost of materials consumed 8,59,23,04,811 6,17,17,18,550
 Changes in inventories of finished goods, work in progress and stock in trade (70,14,13,642)  (28,56,32,818)
 Employee benefit expenses  73,65,87,425  49,67,67,519
 Finance cost  41,93,74,630  51,59,02,314
 Depreciation and amortization expenses  29,94,18,262  30,76,46,002
Other expenses  56,29,81,349  47,84,68,209
 Total Expenses  9,90,92,52,835  7,68,48,69,776
 Profit before Exceptional item and taxes  2,08,91,95,178  34,47,55,740
Exceptional Item    
Remission of cane commission liability relating to earlier year (net of tax) (refer note no 7 of note no 29B0  3,22,71,176  4,91,83,132
Profit before taxes  2,12,14,66,354 39,39,38,872
Tax Expenses    
 (1) Current Tax    
Current period  45,18,96,030  1,44,99,843
Less- MAT credit entitlement  (43,74,82,118)  (1,35,44,925)
2) Deferred Tax  52,24,02,365  33,21,111
 Profit/(Loss) for the period after tax  1,58,46,50,077  38,96,62,843
 Earning per equity share (Nominal value 10 per share)    
 (1) Basic  88.36  22.02
(2) Diluted  88.36  22.02