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Annexure: C

70Annual Report 2016-2017

MAX HEIGHTS INFRASTRUCTURE LIMITED

Statement of Profit and Loss for the year ended March 31, 2017

SD-65, PITAMPURA, NEW DELHI - 110034

CIN: L67120DL1981PLC179487

Note

No.

For the year ended March 31, 2017 For the year ended March 31, 2016

Rs. Rs.

1 Revenue from operations (gross) 40,708,623.20 51,941,058.00

Less: Excise duty - -

Revenue from operations (net) 40,708,623.20 51,941,058.002 Other income 19 1,100,000.00 47,520.00

3 Total revenue (1+2) 41,808,623.20 51,988,578.00

4 Expenses

(a) Cost of materials consumed - -

(b) Purchases of stock-in-trade 31,019,121.00 14,231,307.50

(c) Changes in inventories of finished goods, work-

in-progress and stock-in-trade

20 (5,734,120.46) 19,616,570.00

(d) Employee benefits expense 21 3,976,308.00 3,709,301.00

(e) Finance costs 22 1,019,931.56 98,500.50

(f) Depreciation and amortisation expense 9 1,820,036.00 1,433,437.00

(g) Other expenses 23 2,923,370.66 4,705,201.00

Total expenses 35,024,646.76 43,794,317.00

5 Profit / (Loss) before exceptional and

extraordinary items and tax (3 - 4)

6,783,976.44 8,194,261.00

6 Exceptional items - - -

7 Profit / (Loss) before extraordinary items and tax

(5 + 6)

6,783,976.44 8,194,261.00

8 Extraordinary items - - -

9 Profit / (Loss) before tax (7 + 8) 6,783,976.44 8,194,261.00

10 Tax expense:

(a) Current tax 2,153,640.00 2,596,360.00

(b) Earlier years tax 0.00 -

(c) Deferred tax (99,064.00) (54,757.00)

2,054,576.00 2,541,603.00

11 Profit / (Loss) from continuing operations (9 +10) 4,729,400.44 5,652,658.00

12 Profit / (Loss) for the year 4,729,400.44 5,652,658.00

Rs. Rs.

13 Earnings per share (of Rs. 10/- each): 24

Basic 0.30 0.36

Diluted 0.30 0.36

See accompanying notes forming part of the

financial statements

Accounting Policies & Notes to the Accounts 1-25

Particulars

In terms of our report attached.For Deepak Narang & Associates

On behalf of the Board of Directors

Chartered AccountantsFirm Regd. No. 016594N

Deepak Narang Satish Chander NarangChairman

Membership No. 097348 DIN: 00095693

Varsha AggarwalCompany SecretaryM.No. A39687

Place : New DelhiDate : 27/05/2017

PartnerDIN: 00095708

Naveen NarangManaging Director & CFO

18

Note

No.

For the year ended March

31, 2017

For the year ended March

31, 2016

Rs. Rs.

1 Revenue from operations (gross) 18 412,167,994.20 529,038,455.41

Less: Excise duty - -

Revenue from operations (net) 412,167,994.20 529,038,455.41

2 Other income 19 9,214,903.04 6,466,965.77

3 Total revenue (1+2) 421,382,897.24 535,505,421.18

4 Expenses

(a) Cost of materials consumed - -

(b) Purchases of stock-in-trade - 14,231,307.50

(c) Work in Progress 635,627,149.40 646,569,928.91

(d) Changes in inventories of finished goods, work-

in-progress and stock-in-trade

20 (286,101,302.81) (231,783,718.40)

(e) Employee benefits expense 21 8,572,955.00 6,194,321.00

(f) Finance costs 22 12,808,711.87 12,072,651.43

(g) Depreciation and amortisation expense 9 3,034,212.00 2,647,410.70

(h) Other expenses 23 28,163,708.02 70,491,280.95

Total expenses 402,105,433.48 520,423,182.09

5 Profit / (Loss) before exceptional and

extraordinary items and tax (3 - 4)

19,277,463.76 15,082,239.09

6 Exceptional items - - -

7 Profit / (Loss) before extraordinary items and tax

(5 + 6)

19,277,463.76 15,082,239.09

8 Extraordinary items - - -

9 Profit / (Loss) before tax (7 + 8) 19,277,463.76 15,082,239.0910 Tax expense:

(a) Current tax 6,258,290.00 5,006,730.00

(b) Earlier years tax 0.00 0.00

(c) Deferred tax (225,939.00) (171,319.89)

6,032,351.00 4,835,410.11

11 Profit / (Loss) from continuing operations (9 +10) 13,245,112.76 10,246,828.98

12 Minority Interest 2,986,535.87 1,570,636.82

12 Profit / (Loss) for the year Trasfereed to CPL

Adjustment A/c

10,258,576.89 8,676,192.16

Rs. Rs.

13 Earnings per share (of Rs. 10/- each): 24Basic 0.66 0.56

Diluted 0.66 0.56

See accompanying notes forming part of the

financial statements

Accounting Policies & Notes to the Accounts 1-25

Particulars

MAX HEIGHTS INFRASTRUCTURE LIMITED

Statement of Consolidated Profit and Loss for the year ended March 31, 2017

SD-65, PITAMPURA, NEW DELHI - 110034

CIN: L67120DL1981PLC179487

In terms of our report attachedFor Deepak Narang & Associates

On behalf of the Board of Directors

Chartered AccountantsFirm Regd. No. 016594N

Deepak Narang Satish Chander NarangChairman

Membership No. 097348 DIN: 00095693

Varsha AggarwalCompany SecretaryM.No. A39687

Place : New DelhiDate : 27/05/2017

PartnerDIN: 00095708

Naveen NarangManaging Director & CFO

102Annual Report 2016-2017