CERTIFICATE FROM THE INSTITUTE

1
CERTIFICATE FROM ORGANIZATION

2
 ACKNOWLEDGEMENT

I would like to thanks to Mr. Piyush Singh&Mrs. Sukanya Singh from “VPN
and Associates, Chartered Accountants” for giving me the opportunity to work on a
project which has a lot in store for me in terms of experience and learning. I would also
like to thanks Adhalrao Patil Institute of Management & Research, Landewadi. For
providing me the platform for learning and home sting my skill that enabled me to put
in my best efforts into this work.

I express of my deep sense of gratitude and sincere feelings of obligation to

college Director Prof. Dr. Jitendra Hude (Director) who helped me in overcoming
many difficulties and who imparted me the necessary conceptual knowledge.

I’m extremely grateful to my internal guide Prof. Dr.Dayanand Surwade

who guided me through the project to develop a structure to it. And for the valuable
advice, guidance, and precious time and support offered.

Lastly, I want to thank all my fellow interns for making this journey a truly
enriching experience for me.I believe that no research would be possible without the
combined efforts of the supporting team.

3
 DECLARATION

I hereby declare that the Project Report entitled “A Study Audit Procedure
at VPN Associate with Ref to Nu-Teck Coupling Pvt. Ltd” Submitted to Adhalrao
Patil Institute of Management & Research in partial fulfillment for the Award of
Master of Business Administration of Savitribai Phule University of Pune, Written &
submitted by me under the guidance of Prof. Dr.Dayanand Surwade is my original
work. The Empirical finding in report are based on the data collected by myself while
preparing project report.

Place: Landewadi, Pune. Mahesh D.Dherange

Date:

4
SR. TOPICS PG NO.
NO.

1. EXECUTIVE SUMMA-RY 07

2. CHAPTER I – INTRODUCTION 08-12

Purpose of the project

Introduction about project

Types of Audits

Industry profile

3. CHAPTER II – OBJECTIVE OF THE PROJECT 13-14

4. CHAPTER III - COMPANY PROFILE 15-16

5. CHAPTER IV - REASEARCH METHODOLOGY 17-19

Research process

Research design

Data collection

Period of study

Method of study

6. CHAPTER V – DATA ANALYSIS 20-23

&INTERPRETATION

7. CHAPTER VI – RELEVANT ACTIVITY 24-29

CHARTS ,TABLES

8. CHAPTER VII - OBSERVATION AND FINDING 30-31

5
 9 CHAPTER VIII- 32-33

SUGGESTION AND RECOMMENDATION

Suggestion

Recommendation

10 CHAPTER IX- CONCLUSION 34-35

11 CHAPTER X- 36-37

REFERENCE IN APPROPRIATE
REFERENCING STYLE

12 CHAPTER XI -APPENDIX 38-42

6
 EXECUTIVE SUMMARY

A Summer Internship Project is vital part of every MBA program. It helps you
to have a real insight into corporate world. An internship enables us to gear up for the
career ahead of us. All the theory that we have learnt in our curriculum is put into
practices during Internship.

It gives depth knowledge of our specialization and helps us groom ourselves

accordingly. It gives us clear picture of the basic fundamentals. So what we can relate
what we have learn to what is applied. It builds our confidence and self-assurance.

In this project, an attempt is made to study the procedure of Company audit

while doing audit of “Nu-Teck Coupling Pvt. Ltd.” This topic was selected for study
due to the increased importance of auditing in promoting transparency in financial
reporting amidst the increasing complexities of business opening.

“VPN AND ASSOCIATES” is a professionally managed firm of Chartered

Accountants established in 2011 with an objective to provide multidimensional services
in the field of corporate, legal and taxation laws and having branches in Pune, Nashik
& Parbhani in Maharashtra.

The audit practice existed during the times of ancient civilization also, but after
the industrial revolution, the origin of joint stock firm organization lead to separation
of ownership and management and increased the role of an auditor in ensuring that the
organization gives a true and fair view of its financial position to its stakeholders.

7
 CHAPTER NO: - I
INTRODUCTION

8
 INTRODUCTION

1.1 Purpose of the Project: -

The topic “A Study Audit Procedure at VPN Associate with Ref to Nu-Teck
Coupling Pvt. Ltd”
The topic “A Study Audit Procedure at VPN Associate with Ref to Nu-Teck
Coupling Pvt. Ltd” was my study because of two reasons:

1. Auditing is an important practice in almost every sector, to promote

transparency in the financial reporting of the entity, making it necessary for
auditor to have a check on the internal control and accounting framework for
the benefit of proprietors and other stakeholders.

2. Secondly, the area of auditing has a vast scope and as a student of finance
must have knowledge of the current scenario of audit process prevalent in
company. I was delighted to get an opportunity to understand and gain
practical experience in Company Audit.

1.2 Introduction about Project: -

For the purpose of the project I have joined VPN AND ASSOCIATES,
chartered Accountant firm .They send me to “NU-TECK COUPLINGS PVT.LTD.”
for the purpose of audit. During the period of two months, I did a job of Auditor. I go
through the various vouchers of Purchase, Sales, Cash, and Bank, etc. also studied the
methods of vouching and help in auditing of some books.

During my project period I gain a lot of knowledge about procedure of Audit, Procedure
of vouching and many legal terms regarding Audit, also some points of taxation.

“TYPES OF AUDIT”:

1. Continues Audit:
A continuous audit is one where auditor staff is engaged continuously in the
Audit work throughout the year or where the auditor attend auditing at fixed interval or
otherwise during the financial year, this it is audit which involves a details examination
of the book account at regular irregular intervals during the year check and every called
has detailed audit.

The objective of Continues Audit may be-

a) To get final account audited immediately after the closure of accounting year.

9
 b) When the business is very large.
c) When interval control system is into effective.
d) When regular final accounts are required.

2. Periodical Audit:
A periodic audit is one where the Auditor attends only at the end of the year
finishes his audit work of a stretch without any interval, under the system there is less
danger of manipulation of figures, after they have been checked. This form audit proves
to be more efficient where a good and efficient system of interval check and control is
employed along with qualified accounts and mechanical accounting system.

3. Partial Audit:
As a name suggest, it is not compiled audit. The auditor asked to check a few
books of a accounts only. E.g. The auditor may be asked to check cashbook and conduct
it is audit only when the properties suspect misappropriation of cash when an auditor is
appointed to conduct partial audit the must make it clear in his report. That he has
performed partial audit as per the instructions on his clients, this audit may be for a part
or for whole of the period. Partial audit is not allowed in the case of joint stop companies
has the duties of the auditor cannot be curtailed by the directors.

4. Internal Audit:
Internal audit is an audit which is conducted between periodical and balance
sheet audit. This type audit is conducted with a way to find out the interim profit for the
purpose of declaration of deviant.

5. Standard Audit:
Mr. Irish of Australia has defined the standard audit has these form of audit
embraces a complete check and analysis of concern item and it is contingent up on
effective interval check appreciate test check on remaining items, He whole of the work
doing in accordance with general accounting standards, “quite adequate to Justify and
unqualified opening”. Thus under this audit certain test check are applied to other items
provided there is a good effective internal check in operation.

6. Balanced Sheet Audit:

Final audit is sometimes referred to have balance sheet audit. But there is
slight difference between the final audit and the balance sheet audit. The audit
commenced from the balance sheet working back to the books of original entry and the
relative document etc. The auditor examines the item of unusual nature affecting the
balance sheet. As these Audit relates to checking a balanced sheet item only. It is not

10
complete audit but it is partial Audit. Thus it forms the part of the normal and complete
audit work. These types of audit can be efficiently undertaken in the case of concern
where strong and efficient system of internal check is in operation, along with qualified
and skilled staff.

7. Cost Audit:
Cost audit is defined as the verification of cost accounting records. Data
&techniques for its accuracy & authenticity. It gets as effective managerial tool for the
defection of errors and frauds in cost accounting records. The company act implies the
central government to order cost audit in case of specifies companies.

8. Statutory Audit:
Any audit carried on as per the requirement of law is called as a statutory
audit. e.g.: all companies have to get their accounts audited as per the provision of the
company’s Act of 1956.

9. Management Audit:
Management audit may be defined as a comprehensive examination of an
organizational structure of a company, institution/ government and its plans and
objectives it means of operations and use of human and physical facilities. The main
objective of management audit is to see how the objectives of management are fulfilled.
It aims to ascertain whether sound management prevails throughout the organization
and evaluates its efficiency in the system of its operation.

 INDUSTRY PROFILE

“VPN AND ASSOCIATES” is a professionally managed firm of Chartered

Accountants established in 2011 with an objective to provide multidimensional services
in the field of corporate, legal and taxation laws and having branches in Pune, Nashik
& Parbhani in Maharashtra.

The team consists of various professionals like Chartered Accountants,

Company Secretaries, Cost Accountants, Lawyers, Financial Advisors and other
experts. This synergy of professionals from varied backgrounds places us in a unique
position to provide unique solutions.

The partners and associates possess varied talents and specializations and are
capable of providing quality services while answering the unique complexities of
business operating in an ever - evolving environment.

11
 “VPN AND ASSOCIATES” offer the clients an incisive understanding of
the Indian legal, regulatory and audit environment that enables them to avoid the
difficulties encountered in the course of doing business. Moreover, it also structure
transactions and tailor advice in a manner designed to avoid litigation or arbitration.
We hold dear our commitment to excellence in the public practice as chartered
accountants as much as we hold our reputation as counsel of confidence to our clients
doing business in India.

GOAL OF THE FIRM:-

We aim to use our knowledge for the benefit and growth of our client’s
business. We also aim to go beyond the conventional realm of compliance and advisory
services and to provide maximum value additions and support to clients. We are
determined not only to provide solutions but also to strive and assist clients for their
implementation.

 List of Partners: -

Sr. No. Name of Partners Role

1. CA Vishwesh Swami Partner

2. CA Piyush Singh Partner
3. CA Ninad Metkar Partner
4. CA Sukanya Singh Team – Associates

 Services provided by the Firm: -

A. Audit
1. Tax Audit
2. Statutory Audit
3. Internal Audit
4. Bank Audit
5. System Audit

B. Direct & Indirect Tax Advisory & Compliances Services

1. Income Tax
2. Filing of return
3. Tax Planning
4. T D S
5. Sales Tax & Professional Tax

12
C. Other Services
1. Project Report & Financing
2. Amalgamation & Merger
3. Loss Assessors For Insurances Companies
4. Shop Act Registration
5. Preparation & Registration related services of Partnership
deed.

13
 CHAPTER NO: - II
OBJECTIVES

14
 OBJECTIVES

2.1Objective of the Project: -

1. To understand the procedure of company auditing.

2. To study and gain practical experience of the company audit procedure.
3. To understand the role and responsibility of an auditor.
4. To detect the errors and frauds in the auditing procedure in the company.

15
 CHAPTER NO: - III
COMPANY PROFILE

16
 COMPANY PROFILE

Nu-Teck Couplings Pvt. Ltd. the pioneer manufacturers of Mechanical

Power Transmission products is a well-established company known for last 40 years
for its product excellence. Nu-Teck started its operations as a partnership firm named
"Nu-Teck Engineering Corporation" way back in 1968. The first set of products it
launched was sprockets and conveyor chains.

Nu-Teck products live up to both, national and international standards. Nu-

Teck Couplings Pvt. Ltd. the pioneer manufacturers of Mechanical Power
Transmission products is a well-established company known for last 40 years for its
product excellence. Nu-Teck started its operations as a partnership firm named "Nu-
Teck Engineering Corporation" way back in 1968. The first set of products it
launched was sprockets and conveyer chains.

It was converted into a Private limited company "Nu-Teck Couplings Pvt.

Ltd." in 1995.0ver the period NU-TECK has served a wide range of industries with its
standard and made to order Mechanical Power Transmission Equipment’s such as
Sprockets, Gear Couplings, Chain Couplings, Torque Limiter and Torque Limiter
Couplings, Gears, etc. for various applications.

Nu-Teck products live up to both, national and international standards

17
 CHAPTER NO: - IV
RESEARCH METHODOLOGY

18
 RESEARCH METHODOLOGY

4.1. Research Process:

Formulation of Problem

Secondary data Collection

Primary data Collection

Data Analysis

Finding & Recommendations

Results & Report writing

19
4.2. Research Design:

Research design is a logical & systematic planning and directing of piece of

research. Research Design attempts to integrate various aspects of research study. Such
as what, where, when, how, etc. it is a plan structure & strategy of investigation.

4.3. Data Collection:

1. Secondary Data
The following sources of information have been used

1. Secondary Sources
Secondary data is collected through internal sources and external sources.
Secondary data is also call ‘Historical data’. The required data collected from annual
report, books website, internet which are related to the project

 Annual report of the company

 Profit and loss Account
 Balance sheet
 Website& Magazines
 Report in the company
 Customer document Files

4.4. Period of Study

Study is undertaken regarding the Audit of a Company for 60 days.

4.5. Method of Study

The data collected for the project was in the form of written as well as verbal
information regarding companies’ financial statistics.

Secondary data – The secondary data collected from the vouching of Purchase Book,
Sale Book, Bank Statements, Cash Book, General Ledger, Etc.

The Balance Sheet as on 31st March 2016-2017.

20
 CHAPTER NO: - V
DATA ANALYSIS AND
INTERPRETATION

21
 DATA ANALYSIS & INTERPRITATION

Profit before Tax (PBT)

Profit before Tax (PBT) is a measure that looks at the company’s
profit before the company has to pay corporate income tax.it deducts all
expenses from revenue including interest expenses and operating
expenses except for income tax.
Profit before Tax (PBT) =Total Revenue-Total Expenses

year Total Total Profit Before

Revenue Expenses Tax(PBT)=
2016 525624448.00 512679155.00 12945293.00
2017 512262072.00 490436179.00 21825894.00

Graphical representation:-

Profit before Tax (PBT)

600000000

500000000

400000000

300000000

200000000

100000000

0
2016 2017

Total Revenue Total Expenses Profit Before Tax(PBT)=

Interpretation:-

The above graph indicates the Profit before Tax (PBT) =Total Revenue-Total
Expenses
2016&2017.

22
Profit for the period:-
This term results from the traditional appearance of an income statement
which shows all allocated revenues and expenses over a specified time period with the
resulting summation on the bottom line of the report .in simplistic terms net profit is
the money left over after paying all the expenses of an endeavour.

Profit for the Period = Profit before Tax- Tax Expenses

Year Profit Before Tax Profit For The Period

Tax Expenses
2016 12945293.00 2469261.00 10476032.00
2017 21825894.00 2718993.00 19106901.00

Graphical representation:-

Profit For The Period

25000000

20000000

15000000

10000000

5000000

0
2016 2017

Profit Before Tax Tax Expenses Profit For The Period

The above graph indicates the Profit for the Period = Profit before Tax- Tax Expenses
2016&2017.

23
Total Liabilities& Total Asset:-

Year Total Liabilities Total Asset

2016 503538786.00 538077418.00
2017 66280731.00 338204791.00

Graphical representation:-

Total Liabilities& Total Asset:-

600000000

500000000

400000000

300000000

200000000

100000000

0
2016 2017

Total Liabilities Total Asset

Interpretation:-

The above graph indicates Total Liabilities & Total Asset:-

24
 CHAPTER NO: - VI
RELEVANT ACTIVITY CHARTS,
TABLES

25
TASK UNDER TAKEN:-
I was visit the“VPN and Associates, Chartered Accountants” The internship
project “A Study Audit Procedure at VPN Associate with Ref to Nu-Teck Coupling
Pvt. Ltd” related to the CA Firm. I was meet to Mr. Piyush Singh&Mrs.Sukanya
Singh and they said to me to join the firm for this project and provided some files
regarding my internship project topic.

1. After going to the firm, the manager made the introduction of all the staff at
the firm.
2. Let me the first inform about the work on the firm and some suggestion have
given to me.
3. I helped the staff there for a lot of work.
4. I visit to “Nu-Teck Coupling Pvt. Ltd.”
5. I checked the some files such as file of receipts.
6. I searched the various information about Audit Procedure.
7. I understand the concept of Audit Procedure and collected information about
them in this firm.
8. I collected data through interacted with CA and others staff of the firm for this
project
9. I observed some document are given below :-

26
  Sales Invoice:

VARIETY METALS PVT. LTD.

PLOT NO. 21/22, BLOCK D-1, MIDC, AKURDI, CHINCHWAD,
MAHARASHTRA 411 019.
Mobile No. 020-2712 0120
Vat Tin No: 27350865526V/C

SALES INVOICE
Party Name: Invoice No. 08
M/S NU TECK Coupling Pvt Ltd. Date: 22/03/2018
B-1, C13, Bhosari Industrial Estate, MIDC Road P.O No.
Chinchwad, Maharashtra 411 026. Date: 22/03/2018

Sr. No. Product Name Quantity Rate Amount

1 Nuflex Flexible Gear Coupling 2 7500 15,000.00
2 Roller Chain Flexible Couplings 1 4000 4,000.00
3 Torque Limiters 2 3200 6,400.00

G. Total 25,400.00
Transporter
VAT
Total 25,400.00
Less
Net 25,400.00

27
  Cash Voucher:

Nu TECK Coupling Pvt Ltd

B-1-C-13, Bhosari Industrial Estate,
MIDC Rd, Chinchwad, Maharashtra 411026
Contact No. 020-2712 0104

Expense Voucher

Date: 21.11.2016

Name: Akshay Mahajan

Received cash as following items

No ITEMS Amount

1 Paper 800
2 Refill 600
3 Desktop 5500
4 Cartage 2500
5 File 2000
Total 11400

Signature of Recipient Signature of Payer

28
 Sample of Cash Invoice: -

29
 Sample of Purchase Order: -

30
 Sample of Sales Invoices: -

31
 CHAPTER NO: - VII
OBSERVATIONS & FINDINGS

32
 Observation and findings

 The company maintains proper records of the sales transaction. All sales
transaction was verified and were supported by proper documentary evidence
 All the Purchase transaction are also supported by proper documentary
evidence. While auditing purchase book, some clerical error such as error of
omission, posting the amount of wrong account head, debiting expenses
related to purchase account instead of separate nominal account etc. were
brought to the notice of concerned person and rectified.
 The company also maintains proper record of cash and bank vouchers. In the
audit process, some clerical error which were found such error of omission,
debiting expenses to a wrong accounts head, entry of wrong amount while
recording transaction etc. were brought to the notice of concerned person and
rectify.

LIMITATIONS OF THE STUDY

 The company audit procedure is very lengthy and time consuming;

therefore only one company was taken up for auditing the study period of
two months.
 The data was large in quantity that’s why is not possible to cover vouching
during auditing.
 New techniques and technologies are used in the work of accounting. Such
technology creates the problem in the work of audit but such problems and
remedial measures are not included in the audit Program.
 Nature and size of business differs. So the program which is prepared at
the beginning of the year remains unsuitable. Different organization may
have their own problems. So, staffs cannot use their knowledge and caliber
which harasses to them.

33
 CHAPTER NO: - VIII
SUGGESTION &
RECOMMENDATION

34
 Suggestions and recommendation

The company should obtain photocopy of original invoice for record I case if original
invoice has not been obtained due to any reason.

The company can try to reduce the electrical errors committed by taking care of
following things: -

a. Having a proper systematic arrangement of vouchers date-wise and serial number

wise.

b. Proper classification of various expenses under the different heads.

c. Debiting the expenses related to purchase or sale to separatenominal account

instead of purchase or sale account.

d. Seeing that all the cash expenses above a fixed amount are authorized by a
responsible official and revenue stamp is affixed on such cash vouchers.

e. All documents should be properly maintained.

35
 CHAPTER NO: - IX
CONCLUSION

36
 Conclusion

 Vouching and Auditing:

My Summer Internship Project helps me to understand vouching and auditing

procedure.

 Communication Skill:

I have learned to interact with others in a professional way through my

internship. My internship helped me to develop oral as well as written
communication.

 Team Work:

This internship helped me to understand about team dynamics and knowledge

sharing efficiency of collective wisdom and participation of every individual.

 Punctuality:

I was supposed to reach my audit place at 10.00 am which help me to

understand the importance of being punctual towards the work and doing my
assignment before time.

37
 CHAPTER NO: - X
REFERENCES & BIBLIOGRAPHY

38
 Reference in appropriate referencing style

REFERENCES :(APA, MLA, HARVARD, CHICAGO STYLE

REFERENCES

 BOOKS REFERRED:

1. Advanced Auditing and Professional Ethics Vol. 1

Published by Board of studies, Institute of Chartered Accountants of India
2. Auditing- By Tondon
3. Company Audit- By V. K. Agarwal
4. Tally ERP 9 Auditors

 WEBSITE REFERRED:

1. www.icai.org
2. www.google.co.in
3. mirror.tallysolutions.com

 MAGAZINES:

1. ICAI Practice Manual

2. Compliance Audit Report
3. NU TECK Handbook

39
 CHAPTER NO: - XI
ANNEXURES

40
 Appendix

 BALANCE SHEET: -

NU-TECK COUPLING PVT. LTD.

B1, C13, BHOSARI INDUSTRIAL ESTATE, BHOSARI, PIMPRI, PUNE
411029.

BALANCE-SHEET
AS ON 31ST, MARCH 2017.

Particulars Note 2017 2016

I. EQUITY & LIABILITIES

(1) Shares Holders
(a) Share Capital 1 5,00,000.00 5,00,000.00
(b) Reserve & Surplus 2 30,43,44,937.00 28,54,68,032.00
(c) Money received against share warrants
30,48,44,937.00 28,59,68,032.00
(2) Shares Application money pending
allotment
(3) Non- current Liabilities
(a) Long term borrowing
(b) Deferred Tax Liabilities (net) 3 4,38,977.00 6,79,984.00
(c) Other long term liabilities
(d) Long term provisions
4,38,977.00 6,79,984.00
(4) Current Liabilities
(a) Short term borrowing 4 85,50,436.00 21,71,42,899.00
(b) Trade Payables 5 1,49,92,198.00 2,55,88,123.00
(c) Other current liabilities 6 64,18,243.00 67,48,379.00
(d) Short term provisions 7 29,60,000.00 19,50,000.00
3,33,59,854.00 25,21,09,385.00
Total Equity & Liabilities 6,62,80,731.00 50,35,38,786.00

41
II. ASSETS

(1) Non-Current Assets

(a) Fixed Assets 8

(i) Tangible Assets 2,67,39,889.00 2,82,42,676.00
(ii) Intangible Assets
(iii) Capital Work in progress
(b) Non Current Investments 9 19,11,99,487.00 23,69,11,852.00
(c) Deferred tax Assets (net)
(d) Long term Loans and Advances 10 2,41,530.00 2,41,530.00
(e) Other Non-Current Assets 11 21,81,80,906.00 26,53,96,058.00

(2)Current Assets

(a) Current Investment 12

(b) Inventories 13 2,15,23,638.00 4,28,28,089.00
(c) Trade Receivables 14 8,96,59,897.00 12,68,36,896.00
(d) Cash & Cash Equivalents 15 38,763.00 24,37,542.00
(e) Short terms Loans & Advances 16 60,12,145.00 9,86,69,649.00
(f) Other current assets 24,40,242.00 19,09,183.00
11,96,74,685.00 27,26,81,359.00

Total Assets 33,82,04,791.00 53,80,77,418.00

42
  PROFIT & LOSS ACCOUNT: -

NU-TECK COUPLING PVT. LTD.

B1, C13, BHOSARI INDUSTRIAL ESTATE, BHOSARI, PIMPRI, PUNE 411029.
PROFIT & LOSS ACCOUNT
AS ON 31ST, MARCH 2017.

Particulars Note 2017 2016

I. Revenue from Operation 16

(A) Sales of Production 44,16,82,583.00 50,38,93,293.00

(B) Other Operating Revenue 22,79,490.00 21,70,061.00

Total 44,39,62,073.00 50,60,63,354.00

Less: Excise Duty
Net revenue from operations 44,39,62,073.00 50,60,63,354.00

II. Other Income 17 6,82,99,999.00 1,95,61,093.00

Total Revenue 51,22,62,072.00 52,56,24,448.00

III. Expenses

Purchase- Trading Goods Re-sale 36,69,51,170.00 43,72,36,804.00

Changes In Inventories of work in
progress 18 2,13,04,451.00 -15,13,315.00

Employee Benefits Expenses 19 1,49,89,952.00 1,49,03,326.00

Finance Cost 20 2,41,08,896.00 2,87,75,686.00

Depreciation and Amortization
Expenses 12,65,730.00 10,81,233.00

Other Expenses 21 6,18,15,980.00 3,21,95,421.00

Total Expenses 49,04,36,179.00 51,26,79,155.00

IV. Profit Before Tax(PBT)(II-III) 2,18,25,894.00 1,29,45,293.00

V. Tax Expenses
(1) Current Tax 29,60,000.00 19,50,000.00
(2) Deferred Tax -2,41,007.00 5,19,261.00

43
VI. Profit for the period (IV-V) 1,91,06,901.00 1,04,76,032.00

VII. Earning per equity shares 22

(1) Basic 3,821.38 2,095.21
(2) Diluted 3,821.38 2,095.21

2,18,33,536.76 1,29,49,483.42

44