For the year ended 31 March |
Note |
GROUP | COMPANY | ||
2019 Rs. |
2018 Rs. |
2019 Rs. |
2018 Rs. |
||
Continuing operations | |||||
Revenue | 9 | 22,641,987,898 | 21,181,210,416 | 514,907,500 | 340,599,522 |
Cost of sales | (16,942,697,288) | (15,795,851,165) | – | – | |
Gross profit | 5,699,290,610 | 5,385,359,251 | 514,907,500 | 340,599,522 | |
Other income | 10 | 322,242,226 | 540,527,676 | 273,005,752 | 252,218,705 |
Selling and distribution expenses | (1,733,958,817) | (1,410,714,406) | – | – | |
Administration expenses | (2,069,243,200) | (1,935,144,286) | (396,210,061) | (401,932,831) | |
Impairment of investment in subsidiary | – | – | (87,766,423) | (67,972,645) | |
Operating profit | 11 | 2,218,330,819 | 2,580,028,235 | 303,936,768 | 122,912,751 |
Finance income | 12 | 228,475,383 | 210,384,328 | 114,918,099 | 67,426,610 |
Finance costs | 12 | (560,068,282) | (366,557,555) | (178,218,809) | (41,781,020) |
Net finance costs | (331,592,899) | (156,173,227) | (63,300,710) | 25,645,590 | |
Share of profit/(loss) of equity-accounted investees, net of tax | (5,161,319) | (1,040,385) | – | – | |
Profit before tax | 1,881,576,601 | 2,422,814,623 | 240,636,058 | 148,558,341 | |
Income tax expenses | 13 | (735,942,442) | (618,292,027) | 19,250,174 | – |
Profit from continuing operations | 1,145,634,159 | 1,804,522,596 | 259,886,232 | 148,558,341 | |
Discontinued operations | |||||
Loss on discontinued operations, net of tax | 15 | – | (210,824,830) | – | – |
Profit for the year | 1,145,634,159 | 1,593,697,766 | 259,886,232 | 148,558,341 | |
Other comprehensive income | |||||
Items that will not be reclassified to profit or loss |
|||||
Remeasurement of retirement benefit liability |
(291,058,626) | 37,314,385 | (2,351,050) | 889,542 | |
Equity investments at FVOCI – net change in fair value | 28,108,968 | – | 22,418,968 | – | |
Equity accounted investees – share of OCI | – | – | – | – | |
Related tax | 35,238,729 | (3,647,362) | (5,619,017) | – | |
(227,710,929) | 33,667,023 | 14,448,901 | 889,542 | ||
Items that are or may be reclassified subsequently to profit or loss | |||||
Foreign operations – foreign currency translation differences | 2,884,093 | 362,529 | – | – | |
Fair value change in available-for-sale financial assets | – | 34,873,189 | – | 34,873,189 | |
2,884,093 | 35,235,718 | – | 34,873,189 | ||
Other comprehensive income for the year | (224,826,836) | 68,902,741 | 14,448,901 | 35,762,731 | |
Total comprehensive income for the year | 920,807,323 | 1,662,600,507 | 274,335,133 | 184,321,072 | |
Profit attributable to: | |||||
Owners of the company | 646,984,059 | 618,538,136 | 259,886,232 | 148,558,341 | |
Non-controlling interest | 498,650,100 | 975,159,630 | – | – | |
1,145,634,159 | 1,593,697,766 | 259,886,232 | 148,558,341 | ||
Continuing operations | |||||
Owners of the company | 646,984,059 | 829,362,966 | 259,886,232 | 148,558,341 | |
Non-controlling interest | 498,650,100 | 975,159,630 | – | – | |
1,145,634,159 | 1,804,522,596 | 259,886,232 | 148,558,341 | ||
Discontinued operations | |||||
Owners of the company | – | (210,824,830) | – | – | |
Non-controlling interest | – | – | – | – | |
– | (210,824,830) | – | – | ||
Total comprehensive income attributable to: |
|||||
Owners of the company | 553,211,192 | 664,419,369 | 274,335,133 | 184,321,072 | |
Non-controlling interest | 367,596,131 | 998,181,138 | – | – | |
Total comprehensive income for the year | 920,807,323 | 1,662,600,507 | 274,335,133 | 184,321,072 | |
Earnings per share | |||||
Basic earnings per share (Rs.) | 16 | 4.43 | 4.54 | 1.78 | 1.09 |
Diluted earnings per share (Rs.) | 16 | 4.43 | 4.54 | 1.78 | 1.09 |
Earnings per share – Continuing operations | |||||
Basic earnings per share (Rs.) | 16 | 4.43 | 6.08 | 1.78 | 1.09 |
Diluted earnings per share (Rs.) | 16 | 4.43 | 6.08 | 1.78 | 1.09 |
Figures in brackets indicate deductions.
The Group has initially adopted SLFRS 15 and SLFRS 9 from 1 April 2018. Under the transition method chosen, the comparative information has not been restated.
The Notes appearing on this Annual Report form an integral part of these Consolidated Financial Statements.