PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

87 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS STANDALONE 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 1,25,518.56 1,29,461.83 Other income 22 1,992.52 2,630.61 TOTAL INCOME (I) 1,27,511.08 1,32,092.44 EXPENSES Cost of materials consumed 23 77,099.08 80,323.97 Purchase of Stock-in Trade 13.09 – Changes in inventories of finished goods and work-in-progress 24 (2,758.41) (1,517.83) Employee benefits expense 25 6,285.40 5,990.34 Finance costs 26 2,123.57 3,346.87 Depreciation and amortisation expenses 27 6,920.27 5,507.52 Other expenses 28 24,383.89 23,514.92 TOTAL EXPENSES (II) 1,14,066.89 1,17,165.79 Profit before exceptional items and tax expense (I) - (II) 13,444.19 14,926.65 Exceptional item Insurance recoveries towards loss by fire (refer note: 40) 2,309.26 4,000.00 Profit before tax expense 15,753.45 18,926.65 Tax expenses: Current tax Current year 4,011.18 4,906.69 Tax adjustment of earlier years – (14.15) Deferred tax 40.12 (367.58) Total tax expense 4,051.30 4,524.96 Profit for the year (III) 11,702.15 14,401.69 Other comprehensive income Items that will not be reclassified to profit or loss - remeasurements of the net defined benefit plans (9.40) (92.33) Income tax related to items that will not be reclassified to profit or loss 2.42 23.34 Other comprehensive income for the year net of taxes (IV) (6.98) (68.99) Total comprehensive income for the year (III + IV) 11,695.17 14,332.70 Earnings per equity share: nominal value of share Rs. 10/- each Basic and diluted (Rs.) 36 29.96 36.87 Notes to the standalone financial statements 3 to 43 Significant accounting policies 2 The notes referred to above form an integral part of the standalone 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