Annual Report for the year 2012

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED
31ST MARCH, 2012
(AMOUNT IN `)
Particulars Notes Year ended Year ended
31 March 12 31 March 11
III. INCOME
I. Revenue from operations 18 1,720,142,376 1,126,275,868
II. Other Income 19 1,730,513 6,832,524
IV. Expenses:
1,721,872,889 1,133,108,392
Operation Cost 20 1,567,277,497 1,017,316,862
Employee benefit expense 21 47,389,960 25,241,223
Financial costs 22 15,306,521 4,464,745
Depreciation and amortization expense 11 18,800,890 9,358,227
Other expenses 23 38,966,000 16,257,862
1,687,740,868 1,072,638,919
V. Profit before exceptional and extraordinary items and tax (III - IV) 34,132,021 60,469,473
VI. Exceptional Items - -
VII. Profit before extraordinary items and tax (V - VI) 34,132,021 60,469,473
VIII. Extraordinary Items - -
IX. Profit before tax (VII - VIII) 34,132,021 60,469,473
X. Tax expense:
(1) Current tax ( Refer Note no. 26) 8,106,567 11,099,272
(2) Deferred tax 4,108,822 15,159,266
(3) Prior Year tax - -
(4) Minimum Alternate Tax Credit - (8,762,846)
XI. Profit(Loss) for the period from continuing operations 21,916,632 42,973,781
XV. Profit/(Loss) for the period (XI + XIV) 21,916,632 42,973,781
XVI. Earning per equity share: (Nominal value of ` 10 each)
- Basic & Diluted (Ref Note No. 31) 3.66 12.08
Summary of significant accounting policies 1
The accompanying notes form an integral part of the financial statement
As per our report of even date
For and On behalf of the Board
FOR PKF SRIDHAR & SANTHANAM S. Ramakrishnan V. Ramnarayan
Chartered Accountants Chairman Executive Director
Firm Regn No. 003990S
S. Narasimhan Manish Bhojwani
Partner
Company Secretary
Membership No. 206047
Place : Mumbai
Place : Mumbai
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Date : 30 May, 2012 Date : 30 May, 2012
24th Annual Report 2011-12
87