Calculation of Earnings After tax

Years
Particulars 2020-21 2019-20
Sales 12112.9 10821.49
Variable cost
Cost of Materials consumed 5509.69 5052.67
Purchase of Stock-in-Trade 1908.5 1543.55
Total Variabe Cost 7418.19 6596.22
Contribution 4694.71 4225.27
Fixed Cost
Employee Benefit Expenses 402.85 368.87
Finance Cost 97.81 65.17
Depreciation and Amortisation Expenses 166.77 151.69
Total Fixed Cost 667.43 585.73
EBIT 4027.28 3639.54
Interst(Finance Cost) 110.9 76.9
EBT 3916.38 3562.64
Tax
Current Tax 622.53 416.86
Deffered Tax -3.12 7.1
Total Tax 619.41 423.96
EAT 3296.97 3138.68
Operating Leverage = Contribution / EBIT
Financial Leverage = EBIT / EBT
Combined Leverage = Contribution / EBT

Years
Leverages 2020-21 2019-20
Operational Leverage 1.165727 1.160935
Financial Leverage 1.028317 1.021585
Combined Leverage 1.198737 1.185994