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Profit & Loss Account For the Year Ended September 30, 2003     2003 Rupees   2002 Rupees   Sales 841,150,061   790,117,968 Cost of goods sold (701,784,630)   (674,978,103) Gross Profit 139,365,431   115,139,865   Operating Expenses Administration Selling 25,275,101 32,785,719   23,298,613 33,373,129   (58,060,820)   (56,671,742) Operating Profit 81,304,611   58,468,123 Other income 9,541,181   (1,664,028)   90,845,792   56,804,095   Other Charges Financial Worker's Profit Participation Fund Worker's Welfare Fund 37,358,302 2,693,551 45,592   45,744,765 612,127 -   (40,097,445)   (46,356,892) Profit Before Taxation 50,748,347   10,447,203   Taxation (13,802,036)   (1,439,906) Profit after taxation 36,946,311   9,007,297   Unappropriated profit brought forward 108,452,880   115,820,583 Profit available for appropriation 145,399,191   124,827,880 Appropriation Reserve for issue of bonus shares @ 15% (2002 : Nil) (19,650,000)   - Proposed cash dividend - Nil (2002 : Rs. 1.25 per share) -   (16,375,000)   (19,650,000)   (16,375,000)   Unappropriated profit carried forward 125,749,191   108,452,880   Earning per share 2.82   0.69   Copyright © 2002 TATA Group of Companies