183 HERITAGE FOODS LTD | 32ND ANNUAL REPORT 2023-24 Standalone STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS Standalone Statement of Profit and Loss for the year ended 31 March 2024 (All amounts in ₹ millions, except share data and where otherwise stated) Notes For the year ended 31 March 2024 31 March 2023 Income Revenue from operations 24 37,343.45 32,086.75 Other income 25 119.29 113.48 Total income 37,462.74 32,200.23 Expenses Cost of materials consumed 26 28,019.36 26,971.59 Purchase of stock-in-trade 1,094.29 846.78 Changes in inventories of finished goods, semi finished goods, stock-in- trade and work-in-progress 27 720.49 (1,758.67) Employee benefit expenses 28 2,479.98 2,039.18 Finance costs 29 81.64 31.68 Depreciation and amortisation expense 6, 7 & 8 584.32 538.50 Impairment losses 6 6.68 2.08 Other expenses 30 3,034.09 2,635.71 Total expenses 36,020.85 31,306.85 Profit before exceptional items and tax 1,441.89 893.38 Exceptional Items 9 & 35 (167.95) - Profit before tax 1,273.94 893.38 Tax expense 31 Current tax expense 356.68 227.07 Deferred tax expense 6.88 7.42 Profit for the year 910.38 658.89 Other comprehensive income / (loss) (“OCI”) Items that will not be reclassified to profit or loss (i) Re-measurement loss on defined benefit plan, net of tax (10.57) (3.06) (ii) Net gain on FVTOCI equity securities 0.18 0.09 Total other comprehensive loss for the year (10.39) (2.97) Total comprehensive income for the year 899.99 655.92 Earnings per equity share [EPES] 32 Par value per equity share (in ₹ terms) 5.00 5.00 Basic and Diluted EPES (in ₹ terms) 9.81 7.19 The accompanying notes referred to above form an integral part of the standalone financial statements. This is the Standalone Statement of Profit and Loss referred to in our report of even date. For Walker Chandiok & Co LLP For and on behalf of Board of Directors of Chartered Accountants Heritage Foods Limited Firm’s Registration No: 001076N/N500013 N Bhuvaneswari N Brahmani M Sambasiva Rao Vice Chairperson and Executive Director President Managing Director DIN: 02338940 DIN: 00003741 Sanjay Kumar Jain Srideep Madhavan Nair Kesavan A Prabhakara Naidu Umakanta Barik Partner Chief Executive Officer Chief Financial Officer Company Secretary & Membership No: 207660 M.No.FCA 200974 Compliance Officer M.No. FCS 6317 Place : Hyderabad Place : Hyderabad Date : 29 May 2024 Date : 29 May 2024
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