For the fiscal year ending April 30, 2024, the following information is provided for Sapphire Ltd.:

• Sales: ₹400,000
• Cost of Goods Sold: ₹240,000
• Administrative Expenses: ₹30,000
• Selling Expenses: ₹25,000
• Interest Expense: ₹12,000
• Income Tax: ₹14,000

Requirements (in a paragraph):

Based on the provided financial data for Sapphire Ltd., calculate the gross profit, operating profit, net profit before tax, and net profit after tax. Subsequently, prepare the income statement for the fiscal year ending April 30, 2024.