Profit and Loss account

	Schedule	Year ended March 31,
	Schedule	2011	2010
INCOME
Revenues from business process management services		11,29,11,47,909	11,26,63,70,226
		11,29,11,47,909	11,26,63,70,226
COST OF REVENUES	11	6,67,74,86,031	6,01,57,47,344
GROSS PROFIT		4,61,36,61,878	5,25,06,22,882
SELLING AND MARKETING EXPENSES	12	95,58,64,076	78,42,59,246
GENERAL AND ADMINISTRATION EXPENSES	13	1,38,79,69,780	1,25,44,62,780
OPERATING PROFIT BEFORE DEPRECIATION		2,26,98,28,022	3,21,19,00,856
Depreciation	3	50,74,55,954	53,86,79,767
OPERATING PROFIT AFTER DEPRECIATION		1,76,23,72,068	2,67,32,21,089
Other Income	14	44,45,93,206	25,81,45,382
Impairment for investments		6,21,66,191	–
PROFIT BEFORE TAX		2,14,47,99,083	2,93,13,66,471
Provision for taxation	15	9,64,38,381	19,32,34,404
NET PROFIT AFTER TAX		2,04,83,60,702	2,73,81,32,067
Balance brought forward from the previous year		4,75,29,76,166	4,01,48,44,099
AMOUNT AVAILABLE FOR APPROPRIATION		6,80,13,36,868	6,75,29,76,166
Amount transferred to general reserve		6,00,00,00,000	2,00,00,00,000
BALANCE CARRIED FORWARD		80,13,36,868	4,75,29,76,166
Total		6,80,13,36,868	6,75,29,76,166
EARNINGS PER SHARE
Equity shares of par value 10 each
Basic		60.55	80.94
Diluted		60.55	80.94
Weighted average of number of shares used in computing earnings per share :	16.2.16
Basic		3,38,27,751	3,38,27,751
Diluted		3,38,27,751	3,38,27,751
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS	16

The schedules referred to above form an integral part of the Profit and Loss account.

As per our report attached

for B S R & Co.
Chartered Accountants
Firm’s registration number : 101248W

Supreet Sachdev Partner Membership No. 205385	T. V. Mohandas Pai Chairman and Director	D. Swaminathan Managing Director and Chief Executive Officer	S. D. Shibulal Director	Prof. Jayanth R. Varma Director
	Sridar A. Iyengar Director	B. G. Srinivas Director	Eric S. Paternoster Director	Abraham Mathews Head – Finance
Bangalore April 11, 2011	N. R. Ravikrishnan Company Secretary