Statement of Income

Deepak Nitrite Limited
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2021
				₹ in Crores
		Notes	For the year ended March 31, 2021	For the year ended March 31, 2020
I.	Revenue from Operations	26	1,809.14	2,229.66
II.	Other Income	27	13.54	7.58
III.	Total Income (I+II)		1,822.68	2,237.24
IV.	Expenses:
	(a)Cost of Materials Consumed	28	778.25	884.68
	(b) Changes in Inventories of Finished Goods and Work-in-Progress	29	(7.36)	3.30
	(c)Employee Benefits Expense	30	181.05	173.40
	(d) Power & Fuel Expenses	31	134.03	145.80
	(e) Finance Costs	32	4.12	20.32
	(f) Depreciation and Amortisation Expense	33	66.88	77.93
	(g) Other Expenses	34	187.10	225.78
	Total Expenses (IV)		1,344.07	1,531.21
V.	Profit Before Tax (III-IV)		478.61	706.03
VI.	Tax Expense:
	(a) Current Tax	37 B	123.22	192.08
	(b) Deferred Tax	37 B	0.67	(30.09)
VII.	Profit for the Year (V-VI)		354.72	544.04
VIII.	Other Comprehensive Income:
	Items that will not be Reclassified to Profit and Loss:
	(a) Remeasurement of Defined Benefit Obligations (Net)		(1.85)	(4.78)
	(b) Tax Effect on remeasurement of Defined Benefit obligations (net)		0.47	1.10
	(c) Fair Value Gains on Investments		0.10	0.02
	(d)Tax effect of Fair Value Gains on Investments		(0.02)	-
	Total Other Comprehensive Income for the Year (VIII)		(1.30)	(3.66)
IX.	Total Comprehensive Income for the Year (VII+VIII)		353.42	540.38
	Earnings Per Equity Share
	(a)Basic (Nominal Value per Share ₹ 2)	43	26.01	39.89
	(b)Diluted (Nominal Value per Share ₹ 2)	43	26.01	39.89

The accompanying notes form an integral part of the Financial Statements.