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Statement of Profit and Loss for the year ended 31st March, 2018 ( / Crores) Notes 2017 - 18 2016 - 17 REVENUE Revenue From Operations Gross Sale of Products 31 243,226.66 213,488.95 Other Operating Revenues 32 858.46 380.87 244,085.12 213,869.82 Other Income 33 1,849.46 1,448.08 Total Revenue 245,934.58 215,317.90 EXPENSES Cost of Materials Consumed 34 51,186.30 45,137.66 Purchases of Stock-in-Trade 142,455.74 122,731.74 Changes in Inventories of Finished Goods, Stock-in -Trade and Work-in-Progress 35 804.54 (4,454.06) Excise Duty 24,752.52 26,779.28 Transportation Expenses 5,862.52 5,316.76 Exploration cost 8.57 15.23 Employee Benefits Expense 36 2,858.52 2,946.08 Finance Costs 37 566.71 535.65 Depreciation and Amortization Expense 3&5 2,752.75 2,535.28 Other Expenses 38 5,484.48 4,753.44 Total Expenses 236,732.65 206,297.06 Profit Before exceptional items and Tax 9,201.93 9,020.84 Exceptional Items Profit Before Tax 9,201.93 9,020.84 Tax expense: Current tax 2,570.98 2,236.24 Deferred tax 419.56 628.28 Provision for tax for earlier years written back (net) (145.68) 52.48) Total Tax Expenses 2,844.86 2,812.04 Profit/(loss) for the period 5,357.07 6,208.80 Other Comprehensive Income Items that will not be reclassified to profit or loss: Re-measurements of the defined benefit plans 86.66 (23.69) Fair value changes on Equity Instruments through other comprehensive income (18.88) 175.61 Income tax relating to items that will not be reclassified to profit or loss (29.99) 8.20 Other Comprehensive Income for the period (net of tax) 37.79 160.12 Total Comprehensive Income for the period (net of tax) 6,394.86 6,368.92 Earning per share [Basic and Diluted earnings per share ()] 43 41.72 40.74 Significant Accounting Policies 1 & 2 Significant Accounting Policies and Notes Forming Part of Accounts are integral part of the Financial StatementsCash Flow Statement for the year ended 31st March, 2018 (