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Unaudited Quarterly Results for the First Quarter Ended 30th June 2006

(Rs.in Mio)

First Quarter Ended

Year ended

Particulars

30.06.2006 30.06.2005 31.03.2006
(Unaudited) (Unaudited) (Audited)
Net Sales/Income from Operations 4385.6 2806.6 14722.0
Other Income 171.1 35.8 303.5
Total Income 4556.7 2842.4 15025.5
Expenditure
a. (Increase) / Decrease in Stock in Trade -445.1 -124.5 -275.3
b. Consumption of Raw Materials 2921.2 1813.9 9026.8
c. Staff Cost 258.0 182.9 792.2
d. Other Expenditure 992.7 703.8 3435.2
Total expenditure 3726.8 2576.1 12978.9
Profit Before Depreciation, Interest & Tax 829.9 266.3 2046.6
Interest 180.9 134.4 606.4
Depreciation 142.8 118.7 511.2
Profit before taxation 506.2 13.2 929.0
Provision for Taxation
a. Current Tax (MAT Provision) 58.1 1.7 90.1
b. MAT Credit Entitlement -52.2 - -80.9
c. Deferred Tax 137.4 -9.2 158.8
d. Fringe Benefit Tax 0.8 0.6 2.8
e. Tax adjustments of previous years - - 64.5
Total Tax 144.1 -6.9 235.3
Net Profit 362.1 20.1 693.7
Paid-up Equity Share Capital 266.35 253.85 266.35
(Face value Rs. 5 per share)
Reserves excluding Revaluation Reserves - - 8787.8
Basic Earnings per share (Rs.) (not annualised) 6.80 0.39 13.22
Diluted Earnings per share (Rs.) (not annualised) 5.73 0.39 12.46
Aggregate of Non-promoters Shareholding
a. Number of Shares NA NA 23557656
b. Percentage of Shareholding NA NA 44.22
Notes:
1. The above unaudited results which are subjected to limited review by the Auditors of the Company, were reviewed by the Audit Committee and have been taken on record by the Board at its meeting held on 31.07.2006.
2. The Company's operations fall within a single primary business segment viz. 'Pharmaceutical Products'.
3. Investor complaintspending at the beginning of the quarter: Nil, received: 50, resolved: 50 and lying unresolved at the end of the quarter: Nil.
4. Sales for the quarter include exports of Rs.1585.3 million (Rs.1294.5 million).
5. During the quarter, Company has raised USD 200 Millions through issue of zero coupon Foreign Currency Convertible Bonds due 2011.
6. Figures for the previous quarter have been rearranged wherever necessary.
For and on behalf of the Board
Sd/-
Place: Hyderabad K.Nityananda Reddy
Date : 31.07.2006 Managing Director
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