For the year ended 31 March | Note | 2021
Rs. ’000 |
2020
Rs. ’000 *Restated |
Revenue | 8 | 16,622,791 | 17,362,985 |
Interest income | 9.1 | 14,877,242 | 15,636,833 |
Interest expense | 9.2 | 7,282,499 | 8,998,331 |
Net interest income | 9 | 7,594,743 | 6,638,502 |
Fee and commission income | 10 | 406,234 | 499,996 |
Other operating income | 11 | 1,339,315 | 1,226,156 |
Total operating income | 9,340,292 | 8,364,654 | |
Less: Impairment charges and other credit losses on financial assets |
12 | 1,421,500 | 1,552,731 |
Net operating income | 7,918,792 | 6,811,923 | |
Less: Operating expenses | |||
Personnel expenses | 13.1 | 1,402,328 | 1,651,422 |
Premises, equipment and establishment expenses | 13.2 | 1,896,625 | 1,876,438 |
Other expenses | 13.3 | 530,885 | 553,031 |
Total operating expenses | 13 | 3,829,838 | 4,080,891 |
Operating profit before taxes on financial services | 4,088,954 | 2,731,032 | |
Less: Taxes on financial services | 14 | 622,001 | 459,109 |
Profit before tax | 3,466,953 | 2,271,923 | |
Less: Income tax expense | 15 | 909,999 | 434,873 |
Profit for the year | 2,556,954 | 1,837,050 | |
Other comprehensive income | |||
Items that will not be reclassified to profit or loss | |||
Change in deferred tax on revaluation | 32,087 | – | |
Equity investments at FVOCI – net change in fair value | 68,116 | (38,915) | |
Net actuarial gain/(loss) on defined benefit plan | (74,806) | 62,061 | |
Total other comprehensive income | 25,397 | 23,146 | |
Total comprehensive income for the year | 2,582,351 | 1,860,196 | |
Earnings per share | |||
Basic/Diluted earnings per share (Rs.) | 16 | 36.64 | 26.32 |
The Notes to the Financial Statements on pages 144 to 248 form an integral part of these Financial Statements.
Figures in brackets indicate deductions.
* Comparative information for the year ended 31 March 2020 have been restated to reflect the effect of amalgamation. (Refer note 3)