Particulars	Schedule		31-Mar-2011	31-Mar-2010
Particulars	Schedule	in Million	in Million	in Million
Income:
Sales and Operating Income	11	42,436.18		34,864.33
Less: Excise Duty		(907.80)		(664.41)
			41,528.38	34,199.92
Other Income:	12		274.01	196.91
			41,802.39	34,396.83
Expenditure:
Cost of Materials Consumed, Purchases etc.	13		25,752.12	20,731.28
(Increase) / Decrease in Stock	14		(3,126.85)	(1,821.79)
Manufacturing Expenses	15		3,414.21	2,782.82
Payments to and Provisions for employees	16		4,177.89	3,513.61
Selling & Distribution Expenses	17		2,936.61	2,562.74
Administrative & Other Expenses	18		1,717.07	1,374.82
Difference in Foreign Exchange Rate (Net)			(278.52)	(868.23)
Cost of Self Generated Capital Equipments			(1,001.38)	(880.60)
			33,591.15	27,394.65
Operating Profit			8,211.24	7,002.18
Less: Interest & Finance Charges	19		2,716.54	2,193.91
Profit before Depreciation, Taxation, Prior Period Expenses & Minority Interest			5,494.70	4,808.27
Less: Amounts Written Off and Provisions	20		184.32	107.02
L ess: Depreciation / Amortisation			1,216.17	1,019.58
Profit for the year before Taxation, Prior Period Expenses & Minority Interest			4,094.21	3,681.67
Less: Deferred Tax			(36.49)	(224.42)
Less: Provision for Current Tax			(963.41)	(747.15)
Add: MAT Credit Utilised			(201.00)	(231.61)
Less: Provision for Wealth Tax			(0.22)	(0.22)
Profit for the year before Prior Period Expenses and Minority Interest			2,893.09	2,478.27
Less: Prior Period Items - Income / (Expenses) - Net	21		(12.44)	9.21
Profit for the Year			2,880.65	2,487.48
Less: Minority Interest			(73.53)	(11.62)
Profit for the year after Minority interest			2,807.12	2,475.86
Balance in Profit & Loss Account brought forward			3,662.17	2,300.40
Balance available for Appropiation			6,469.29	4,776.26
Appropiation
Transferred to General Reserve			(300.00)	(271.20)
Transferred to Capital Redemption Reserve			(23.13)	(425.38)
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 [including differential dividend of prev. year]			(385.79)	(343.32)
Provision for Dividend Tax on Equity Dividend			(64.08)	(58.35)
Balance carried to Balance Sheet			(5,696.02)	(3,662.17)

Earning Per Share (Face value of 2/- each) (Ref. Note No. 7 of Sch. 22: Part B.)
Basic EPS			7.37	6.54
Diluted EPS			7.36	6.53
Notes forming part of the Accounts	22
The Schedules & Notes to Accounts referred to above form an integral part of the Profit & Loss Account

Signatures to the Schedule 1 to 22 As per our report of even date For and on behalf of 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) umbai, 5th 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