for the year ended March 31, 2020
| Schedule | Year ended 31.03.2020 |
Year ended 31.03.2020 |
|
| I. INCOME | |||
| Interest earned | 13 | 848,357,730 | 719,816,540 |
| Other income | 14 | 649,503,301 | 593,248,453 |
| TOTAL INCOME | 1,497,861,031 | 1,313,064,993 | |
| II. EXPENDITURE | |||
| Interest expended | 15 | 446,655,222 | 391,775,414 |
| Operating expenses | 16 | 715,178,988 | 642,588,800 |
| Provisions and contingencies (refer note 18.6) | 223,772,141 | 221,809,173 | |
| TOTAL EXPENDITURE | 1,385,606,351 | 1,256,173,387 | |
| III. PROFIT/(LOSS) | |||
| Net profit for the year | 112,254,680 | 56,891,606 | |
| Less: Minority interest | 16,591,602 | 14,349,219 | |
| Net profit after minority interest | 95,663,078 | 42,542,387 | |
| Profit brought forward | 220,201,086 | 219,991,613 | |
| TOTAL PROFIT/(LOSS) | 315,864,164 | 262,534,000 | |
| IV. APPROPRIATIONS/TRANSFERS | |||
| Transfer to Statutory Reserve | 19,828,000 | 8,409,000 | |
| Transfer to Reserve Fund | 3,670 | 7,569 | |
| Transfer to Capital Reserve | 3,954,400 | 280,000 | |
| Transfer to Capital Redemption Reserve | - | 3,500,000 | |
| Transfer to/(from) Investment Reserve Account | - | - | |
| Transfer to/(from) Investment Fluctuation Reserve | 6,690,000 | 12,692,000 | |
| Transfer to Special Reserve | 7,966,300 | 5,352,000 | |
| Transfer to/(from) Revenue and other reserves | 686,312 | 245,223 | |
| Dividend paid during the year | 6,453,078 | 9,651,292 | |
| Corporate dividend tax paid during the year | 2,282,446 | 1,933,076 | |
| Balance carried over to balance sheet | 267,999,958 | 220,463,840 | |
| TOTAL | 315,864,164 | 262,534,000 | |
| Significant accounting policies and notes to accounts | 17 & 18 | ||
| Earnings per share (refer note 18.1) | |||
| Basic (`) | 14.81 | 6.61 | |
| Diluted (`) | 14.55 | 6.53 | |
| Face value per share (`) | 2.00 | 2.00 |
The Schedules referred to above form an integral part of the Consolidated Profit and Loss Account.
As per our Report of even date.
For Walker Chandiok & Co LLP
Chartered Accountants
ICAI Firm Registration no.:
001076N/N500013
Sudhir N. Pillai
Partner
Membership no.:105782
Mumbai
Date: May 9, 2020
For and on behalf of the Board of Directors
Girish Chandra Chaturvedi
Chairman
DIN-00110996
Vishakha Mulye
Executive Director
DIN-00203578
Rakesh Jha
Group Chief Financial Officer
Uday M. Chitale
Director
DIN-00043268
Anup Bagchi
Executive Director
DIN-00105962
Ranganath Athreya
Company Secretary
Sandeep Bakhshi
Managing Director & CEO
DIN-00109206
Sandeep Batra
President
Ajay Mittal
Chief Accountant