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Shaping the future of software driven business
Unconsolidated Financials •
303
28. Earnings per share
For the year ended
March 31, 2019
March 31, 2018
Numerator for Basic and Diluted EPS
Net Profit after tax (In
`
Million)
(A)
3,150.08
3,421.17
Denominator for Basic EPS
Weighted average number of equity shares
(B)
79,943,943
80,000,000
Denominator for Diluted EPS
Number of equity shares
(C)
79,943,943
80,000,000
Basic Earnings per share of face value of
`
10 each (In
`
)
(A/B)
39.40
42.76
Diluted Earnings per share of face value of
`
10 each (In
`
)
(A/C)
39.40
42.76
Number of shares considered as basic weighted average shares outstanding
79,943,943
80,000,000
Add: Effect of dilutive issues of stock options
-
-
Number of shares considered as weighted average shares and potential
shares outstanding
79,943,943
80,000,000
29. Gratuity plan:
The Company has a defined benefit gratuity plan. Each employee is eligible for gratuity on completion of minimum five years
of service at 15 days basic salary (last drawn basic salary) for each completed year of service. The scheme is funded with an
insurance company in the form of a qualifying insurance policy.
The following tables summarize the components of net benefit expense recognized in the statement of profit and loss and the
funded status and amounts recognized in the Balance Sheet for the respective plans.
Statement of profit and loss
Net employee benefit expense (recognized in statement of profit and loss)
(In
`
Million)
For the year ended
March 31, 2019
March 31, 2018
Current service cost
153.98
167.57
Interest cost on benefit obligation
54.17
50.31
Expected return on plan assets
(60.96)
(52.40)
Interest income
-
(1.54)
Others
3.72
-
Net benefit expense
150.91
163.94
Net actuarial (gain) / loss recognized in the year
68.82
(142.97)
Actual return on net plan assets
60.96
Notes forming part of financial statements (Contd.)