Question
Entity issues convertible debentures that are dilutive.
Net profit = ₹100 crore; weighted average equity shares = 10 crore. If converted, debentures would add 2 crore shares and reduce interest expense by ₹10 crore (net of tax). What is diluted EPS?Solution
Basic EPS = 100/10 = ₹10. Adjusted numerator = 100 + 10 = ₹110 crore. Adjusted denominator = 10 + 2 = 12 crore shares. Diluted EPS = 110/12 ≈ ₹9.17, rounded to ₹9.00.
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