STATEMENT OF PROFIT AND LOSS For the year ended 31st March, 2012 (All amounts in Rs.

Crores, unless otherwise stated) Year Ended Year Ended Note 31st March, 2012 31st March, 2011 26 24,506.40 20,939.38 (1,070.07) (916.83) 23,436.33 20,022.55 27 259.62 255.18 23,695.95 20,277.73 9,487.01 2,919.49 95.15 1,200.94 1.65 233.54 6,250.18 20,187.96 3,507.99 113.69 3,621.68 (832.21) 2.60 8.07 2,800.14 (9.48) 2,790.66 Rs.12.92 Rs.12.91 7,796.87 2,692.75 (307.60) 1,014.86 1.01 229.29 6,114.46 17,541.64 2,736.09 220.82 2,956.91 (606.22) (41.18) (2.88) 2,306.63 (10.58) 2,296.05 Rs.10.53 Rs.10.52

REVENUE FROM OPERATIONS Less: Excise Duty Revenue from operations, net Other income Total Revenue EXPENSES Cost of materials consumed 28 Purchases of stock-in-trade 29 Changes in inventories of finished goods (including stock in trade) and Work-in-progress 30 Employee benefits expenses 31 Finance costs 32 Depreciation and amortization expense 33 Other expenses 34 Total expenses Profit before exceptional items and tax Exceptional items 35 Profit before Tax Tax Expense Current tax Deferred Tax Tax adjustments of previous year, net Profit after tax and before minority interest Less: Minority Interest Profit for the year Earnings Per Equity Share 36 Basic (Face value of Re. 1 each) Diluted (Face value of Re. 1 each) Summary of significant accounting policies 2 The accompanying notes are an integral part of these financial statements As per our report of even date For Lovelock & Lewes Firm Registration No. 301056E Chartered Accountants Pradip Kanakia Partner Membership No. 39985

For and on behalf of Board of Directors Nitin Paranjpe Managing Director and CEO Sridhar Ramamurthy Executive Director (Finance & IT) and CFO Dev Bajpai Executive Director Legal and Company Secretary

Aditya Narayan Chairman - Audit Committee

Vivek Subramanian Group Controller Mumbai : 1st May, 2012 Mumbai : 1st May, 2012