Particulars	Schedule		31-Mar-2011	31-Mar-2010
Particulars	Schedule	in Million	in Million	in Million
Income:
Sales and Operating Income	11	34,216.81		27,893.52
Less: Excise Duty / Service Tax Recovered		(907.80)		(664.41)
			33,309.01	27,229.11
Other Income	12		172.93	247.42
			33,481.94	27,476.53
Expenditure:
Cost of Materials Consumed, Purchases etc.	13		21.281.48	16,905.38
(Increase)/Decrease in Stock	14		(2,425.02)	(1,036.56)
Manufacturing Expenses	15		2,744.43	2,209.96
Payments to and Provisions for employees	16		1,503.21	1,036.56
Selling & Distribution Expenses	17		2,052.80	1,744.70
Administrative Expenses & Other Expenses	18		833.46	681.16
Difference in Foreign Exchange Rate (Net)			(102.12)	(711.08)
			25,888.24	20,829.50
Operating Profit:			7,593.70	6,647.03
Less: Interest & Finance Charges	19		2,363.63	1,942.97

Proﬁt before Depreciation, Exceptional Items & Prior Year Expenses			5,230.07	4,704.06
Less: Amounts Written Off and Provisions	20		120.65	95.57
Less: Depreciation / Amortisation			834.34	685.91
Proﬁt for the year before Taxation and Prior Period Expenses			4,275.08	3,922.58
Less: Deferred Tax(Ref. Note No.11 of Sch. 22: Part B.)			(199.83)	(317.12)
Less : Provision for Current Tax			(909.00)	(670.39)
Add: MAT Credit Entitlement /(Utilised)			(201.00)	(231.61)
Less : Provision for Wealth Tax			(0.22)	(0.22)
Proﬁt for the year before Prior Period Expenses			2,965.03	2,703.23
Less: Prior Period Items - Income / (Expenses) - Net	21		-	(9.21)
Less: Excess / (Short) Provision for Taxation	21		(12.55)	-
Net Profit for the Year			2,952.59	2,712.45
Balance in Proﬁt & Loss Account brought forward			4,449.24	2,850.89
Balance available for Appropriation			7,401.83	5,563.34

Appropriation
Transferred to General Reserve			(300.00)	(271.20)
Transferred to Capital Redemption Reserve			(23.13)	(425.39)
Proposed Preference Dividend for the year			(0.23)	(13.54)
Provision for Dividend Tax on Preference Dividend for the year			(0.04)	(2.30)
Proposed Equity Dividend			(385.79)	(343.32)
Provision for Dividend Tax on Equity Dividend			(64.07)	(58.35)
Balance carried to Balance Sheet			(6,628.57)	(4,449.24)

Earnings Per Share (Face value of 2/-each) (Ref.Note No.3 & 9 of Sch.22: Part B)
Basic EPS			7.75	7.17
Diluted EPS			7.74	7.15
Notes forming part of the Accounts	22
The schedules referred to above and Notes to Accounts form an integral part of the Profit & Loss Account

Signatures to the Schedule 1 to 22 As per our report of even date. For Haribhakti & Co. Firm Registration No: 103523W Chartered Accountants	For and on behalf of the Board of Directors
Sd/-	Sd/-	Sd/-	Sd/-
Prasad V. Paranjape Partner (Membership No: 47296) Mumbai, 9th August 2011	A.V. Ghodgaonkar Company Secretary	Anil B. Jain Managing Director	Ghanshyam Dass Director Jalgaon, 5th August 2011
Schedules Forming Part of the Profit and Loss