ABC Ltd has equity capital of ?40,00,000 consisting of fully paid equity shares of ?10 each. The net profit for the year 2017-18 was ?60,00,000. It has also issued 36,000, 10% convertible debentures of ?50 each. Each debenture is convertible into five equity shares. The tax rate applicable is 30%. The diluted earnings of 2017-18 are

The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%