Liberty Shoes Ltd. issued 3,45,000, 0% FCDs of ₹100 each amounting to ₹3,45,00,000 during Feb. 94. The FCDs were convertible into equity shares of ₹10 each at par. The FCDs were outstanding as on 31st March 99 year-end as well as 30th June 2000, 15 months period end. At the end of both the periods the number of shares outstanding were 50,70,000. The PAT for the respective periods was ₹8,37,97,081 and ₹9,25,90,959.
Compute the diluted EPS for the year 98–99 and 99–00 and compare with the basic EPS for both the years.