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P & L Account

P & L Account

P&L Account for the year ended 31st March, 2017
  Particular Schedule Current Year Previous Year
      (` '000) (` '000)
1. Operating Profit/-Loss      
  (a) Fire Insurance   5,328,435 7,093,990
  (b) Marine Insurance   3,843,073 4,579,345
  (c) Miscellaneous Insurance   16,376,402 3,812,274
  (d) Life Insurance   (1,086,073) 711,176
2. Income from Investments      
  (a) Interest, Dividend & Rent - Gross   9,552,386 8,411,453
  (b) Profit on sale of Investments   5,777,371 5,086,412
  Less: Loss of sale of Investment   - -
3. Other Income:      
  Forex Gain/( Loss)   - -
  Interest on Income-tax Refund   166,816 -
  (Provision) / Doubtful Debts written back   - -
  Miscellaneous Receipts   5,263 11,949
  Total (A)   39,963,673 29,706,599
4. Provision for Doubtful Loans & Investment   293,993 420,091
5 Amortisation of premium on Investments   185,152 185,605
6 Diminution in the value of investments written off   556,439 1,359,916
7 Provision/(written off) for Doubtful  Debts   2,301,651 (1,578,527)
8 Other Expenses :      
  Expenses relating to Investments   12,776 10,752
  (Profit)/Loss on sale of Assets (Net)   2,216 223
  Forex Loss/(Gain)   156,455 (754,983)
  Sundry Balances Written off (Net)   - -
  Interest  & Others   56,165 7,519
  ICorporate Social Responsibility Expensess   160,272 490,936
  Total (B)   3,725,119 141,532
  Profit Before Tax   36,238,554 29,565,067
  Provision for Taxation :      
  Current Tax   6,620,000 5,122,682
  Wealth Tax   - 11 359
  MAT Credit   (1,442,537) (1,884,959)
  Deferred Tax   (109,973) 150,425
  Provision for Tax in respect of earlier years   (224,937) (101,341)
  MAT Credit of earlier year   119,319 (2,205,632)
  Profit After Tax   31,276,682 28,483,892
  Appropriations      
  (a) Balance brought forward from last year   874 769
  (b) Proposed Final dividend   - 8,600,000
  (c) Dividend distribution tax   - 1,750,788
  (d) Transfer to General Reserve   - 18,133,000
  Balance carried forward to Balance Sheet   31,277,556 874
  Basic and Diluted EPS   7.27 6.62