Life line Limited has 10,00,000 Ordinary Shares of 1 each outstanding. The company has also issued 2,000, 10% Convertible Bonds of 100 each. Each…

Life line Limited has 10,00,000 Ordinary Shares of 1 each outstanding. The company has also issued 2,000, 10% Convertible Bonds of 100 each. Each bond is convertible into 20 Ordinary Shares on demand. For the current period, Life line Ltd. reported a Profit after Tax of 23,25,000. The applicable Income Tax rate is 25%. The average market price of the equity shares during the period was - 5 per share. Based on Ind AS 33 Earnings Per Share, calculate the Diluted Earnings Per Share for the period.