Arohan Financial Services Limited | Annual Report 2022-23

| 162 Annual Report | 2022-2023 Financial Note 39: Earning per equity share Particulars Year ended 31 March 2023 Year ended 31 March 2022 Net profit attributable to equity shareholders 7,071.63 6,095.03 Nominal value of equity share ( ` ) 10.00 10.00 Weighted average number of equity shares for basic earning per share 11,68,61,908 11,67,62,779 Add: Diluting effect of potential equity shares issued as employee stock options 1,21,773 5,23,952 Add: Diluting effect of potential equity shares on conversion of compulsorily convertible preference shares 41,82,379 - Weighted average number of equity shares for diluted earning per share 12,11,66,060 11,72,86,731 Earnings per share - Basic earnings per share ( ` ) 6.05 5.22 - Diluted earnings per share ( ` ) 5.84 5.20 Note 38: Tax expense (a) Income tax recognised in the Statement of Profit and Loss: Year ended 31 March 2023 Year ended 31 March 2022 Current tax 1.96 8.93 Deferred tax expense 2,014.95 2,178.62 Tax expense for earlier years (93.18) 11.52 1,923.73 2,199.07 (b) Reconciliation of income tax expense and the accounting profit for the year: Year ended 31 March 2023 Year ended 31 March 2022 Profit before tax 8,995.36 8,294.10 Enacted tax rates (%) 25.17% 25.17% Income tax expense calculated at corporate tax rate 2,263.95 2,087.46 Reconciliation items Impact of tax relating to earlier years (93.18) 11.52 Impact due to different tax rate (0.49) (0.71) Tax impact of expenses not deductible 8.97 18.00 Impact on account of deductions claimed under Income Tax Act (118.91) - Others (136.61) 82.80 1,923.73 2,199.07 Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2023 (Contd.) (All amounts in ` lakhs unless otherwise stated)