Arohan Financial Services Limited | Annual Report 2021-22

Financials | 189 Annual Report | 2021-2022 Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March, 2022 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 38: Tax expense Note 39: Earning per equity share (a) Income tax recognised in the Statement of Profit and Loss: Year ended 31 March 2022 Year ended 31 March 2021 Current tax 8.93 6,213.95 Deferred tax (credit) 2,178.62 (12,006.77) Tax expense for earlier years 11.52 8.43 2,199.07 (5,784.39) Particulars Year ended 31 March 2022 Year ended 31 March 2021 Net profit attributable to equity shareholders 6,095.03 (15,994.94) Nominal value of equity share ( ` ) 10.00 10.00 Weighted average number of equity shares for basic earning per share 12,01,77,303 10,98,50,337.73 Add: Diluting effect of potential equity shares issued as employee stock options 5,23,952 6,37,123.55 Weighted average number of equity shares for diluted earning per share 12,07,01,255 11,04,87,461.28 Earnings per share - Basic earnings per share ( ` ) 5.07 (14.56) - Diluted earnings per share ( ` ) 5.05 (14.56) (b) Reconciliation of income tax expense and the accounting profit for the period: Year ended 31 March 2022 Year ended 31 March 2021 Profit before tax 8,294.10 (21,779.33) Enacted tax rates (%) 25.17% 25.17% Income tax expense calculated at corporate tax rate 2,087.46 (5,481.42) Reconciliation items Impact of tax relating to earlier years 11.52 8.43 Impact due to different tax rate (0.71) (33.00) Tax impact of expenses not deductible 18.00 61.46 Impact on account of deductions claimed under Income Tax Act - (421.31) Others 82.80 81.45 2,199.07 (5,784.39)