PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

143 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF PROFIT AND LOSS for the year ended March 31, 2021 (Currency: Indian Rupees in lakhs) Note Year ended March 31, 2021 Year ended March 31, 2020 (Restated) INCOME Revenue from operations 21 1,27,656.27 1,32,411.30 Other income 22 1,995.95 2,635.90 TOTAL INCOME (I) 1,29,652.22 1,35,047.20 EXPENSES Cost of materials consumed 23 78,173.92 81,918.98 Purchase of stock-in-trade 24 316.77 270.37 Changes in inventories of finished goods and work-in-progress 25 (3,381.39) (1,876.31) Employee benefits expense 26 6,986.73 6,503.43 Finance costs 27 2,141.02 3,410.91 Depreciation and amortisation expenses 28 7,099.96 5,677.16 Other expenses 29 24,802.23 23,879.37 TOTAL EXPENSES (II) 1,16,139.24 1,19,783.91 Profit before exceptional items and tax expense (I) - (II) 13,512.98 15,263.29 Exceptional Items Insurance recoveries towards loss by fire (refer note 42) 2,309.26 4,000.00 Profit before tax expense 15,822.24 19,263.29 Tax expenses: 17 Current tax Current year 4,146.97 4,952.27 Tax adjustment of earlier years – (14.15) Deferred tax (14.79) (277.77) Total tax expense 4,132.18 4,660.35 Profit after tax for the year 11,690.06 14,602.94 Profit for the year (III) 11,690.06 14,602.94 Other comprehensive income Items that will not be reclassified to profit or loss-remeasurements of the net defined benefit plans (15.68) (92.33) Income tax related to items that will not be reclassified to profit or loss 2.42 23.34 Items that will be reclassified to profit or loss-exchange differences in translating financial statement of foreign operations (44.30) 132.06 Other comprehensive income for the year net of taxes (IV) (57.56) 63.07 Total comprehensive income for the year (III + IV) 11,632.50 14,666.01 Profit for the year attribute to Owners of the Holding Company 11,690.06 14,602.94 Non-controlling interest – – 11,690.06 14,602.94 Other comprehensive income attribute to Owners of the Holding Company (57.56) 63.07 Non-controlling interest – – (57.56) 63.07 Total comprehensive income attribute to Owners of the Holding Company 11,632.50 14,666.01 Non-controlling interest – – 11,632.50 14,666.01 Earnings per equity share: nominal value of share Rs. 10/- each Basic and diluted (Rs.) 37 29.93 37.38 Notes to the consolidated financial statements 3 to 45 Significant accounting policies 2 The notes referred to above form an integral part of the consolidated financial statements. As per our report of even date attached For B S R & Co. LLP For and on behalf of the Board of Directors Chartered Accountants Firm’s Registration No: 101248W/W-100022 Mahesh Babani D. B. Rao Chairman & Managing Director Executive Director Jayesh T Thakkar DIN: 00051162 DIN: 00356218 Partner Narayan S Iyer Ramesh Kathuria Membership No: 113959 Chief Financial Officer Company Secretary Membership No: 105320 Membership No: A-11214 Mumbai Mumbai Date : May 14, 2021 Date : May 14, 2021