|
|
| Unaudited Quarterly Results for the Quarter & Half year ended 30th September, 2008 |
|
| |
Stand alone |
Consolidated |
| |
Three months ended |
Six months ended |
Year Ended |
Three months ended |
Six months ended |
Year Ended |
| Particulars |
30.09.2008 |
30.09.2007 |
30.09.2008 |
30.09.2007 |
31.03.2008 |
30.09.2008 |
30.09.2007 |
30.09.2008 |
30.09.2007 |
31.03.2008 |
| |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
| Sales (including excise duty) |
6,476.63 |
6,408.10 |
13,220.23 |
11,494.90 |
23,511.20 |
7,239.73 |
6,669.60 |
14,307.63 |
12,334.00 |
25,522.90 |
| Less: Excise Duty |
229.8 |
292.1 |
501.1 |
579.4 |
1,163.9 |
229.8 |
385.8 |
501.1 |
726.8 |
1,163.9 |
| Net Sales |
6,246.80 |
6,116.00 |
12,719.10 |
10,915.50 |
22,347.30 |
7,009.90 |
6,283.80 |
13,806.50 |
11,607.20 |
24,359.00 |
| Other Operating Income |
110.3 |
188.0 |
168.5 |
221.0 |
581.6 |
84.6 |
18.2 |
120.4 |
51.1 |
105.8 |
| Total Income |
6,357.10 |
6,304.00 |
12,887.60 |
11,136.50 |
22,928.90 |
7,094.50 |
6,302.00 |
13,926.90 |
11,658.30 |
24,464.80 |
| Expenditure |
|
|
|
|
|
|
|
|
|
|
| a. (Increase)/Decrease in Stock |
(657.4) |
(236.2) |
(655.5) |
(581.5) |
(347.0) |
(580.7) |
(327.4) |
(680.4) |
(766.9) |
(712.1) |
| b. Material Consumed |
4,264.70 |
3,785.70 |
8,056.80 |
7,025.90 |
13,754.60 |
3,995.00 |
3,309.30 |
7,567.40 |
6,346.20 |
12,611.70 |
| c. Purchase of traded goods |
46.6 |
63.4 |
63.1 |
108.3 |
117.9 |
200.4 |
452.6 |
416.8 |
782.8 |
1,614.7 |
| d. Staff Cost |
425.5 |
382.9 |
862.5 |
719.5 |
1,487.0 |
589.6 |
492.9 |
1163.3 |
935.1 |
1930.0 |
| e. Depreciation/Amortisation |
204.9 |
188.2 |
400.4 |
361.9 |
746.0 |
288.3 |
249.5 |
558.7 |
483.0 |
1,003.7 |
| f. Other Expenditure |
1,246.20 |
1,042.40 |
2,273.00 |
2,026.40 |
4,160.00 |
1,641.10 |
1,422.60 |
3,065.80 |
2,681.00 |
5,503.60 |
| Total Expenditure |
5,530.50 |
5,226.40 |
11,000.30 |
9,660.50 |
19,918.50 |
6,133.70 |
5,599.50 |
12,091.60 |
10,461.20 |
21,951.60 |
| Profit from Operations before Other Income, interest & tax |
826.6 |
1,077.6 |
1,887.3 |
1,476.0 |
3,010.4 |
960.8 |
702.5 |
1,835.3 |
1,197.1 |
2,513.2 |
| Other Income |
9.6 |
4.1 |
16.9 |
11.3 |
117.8 |
37.6 |
26.1 |
52.6 |
34.2 |
143.6 |
| Profit before interest & tax |
836.10 |
1,081.70 |
1,904.20 |
1,487.30 |
3,128.20 |
998.40 |
728.60 |
1,887.90 |
1,231.30 |
2,656.80 |
| Interest (net) |
101.4 |
40.7 |
172.0 |
85.1 |
161.1 |
156.3 |
116.1 |
288.8 |
222.4 |
432.4 |
| Foreign Exchange (Gain)/Loss |
947.9 |
(183.9) |
1,507.8 |
(473.3) |
(481.3) |
1051.0 |
(225.7) |
1,588.1 |
(519.7) |
(693.1) |
| Profit/(Loss) from Ordinary Activities before tax |
(213.1) |
1,224.9 |
224.4 |
1,875.50 |
3,448.40 |
(208.9) |
838.2 |
11.0 |
1,528.60 |
2,917.50 |
| Provision for Taxation |
|
|
|
|
|
|
|
|
|
|
| a. Current Tax |
186.8 |
199.9 |
235.7 |
275.6 |
483.5 |
188.3 |
199.1 |
253.6 |
279.8 |
479.2 |
| b. MAT Credit Entitlement |
40.8 |
3.8 |
- |
- |
- |
40.8 |
3.9 |
- |
- |
- |
| c. Deferred Tax |
(2.8) |
10.7 |
7.2 |
3.0 |
52.4 |
(2.9) |
10.7 |
7.2 |
3.0 |
52.1 |
| d. Fringe Benefit Tax (net of recovery) |
1.7 |
1.3 |
2.6 |
2.3 |
4.7 |
1.7 |
1.3 |
2.6 |
2.3 |
4.7 |
| e. Tax adjustments of previous years |
54.6 |
- |
(34.8) |
- |
- |
(54.6) |
- |
(34.8) |
- |
- |
| Total Tax |
171.9 |
215.7 |
210.7 |
280.9 |
540.6 |
173.3 |
215.0 |
228.6 |
285.1 |
536.0 |
| Profit/(Loss) before Minority Interest |
(385.0) |
1,009.20 |
13.7 |
1,594.60 |
2,907.80 |
(382.2) |
623.2 |
(217.6) |
1,243.50 |
2,381.50 |
| Minority Interest |
|
|
|
|
|
2.0 |
2.6 |
2.4 |
5.6 |
(3.3) |
| Net Profit/(Loss) for the period |
(385.0) |
1,009.20 |
13.7 |
1,594.60 |
2,907.80 |
(384.2) |
620.6 |
(220.0) |
1,237.90 |
2,384.80 |
| Paid-up Equity Share Capital |
268.8 |
268.7 |
268.8 |
268.7 |
268.8 |
|
|
|
|
268.8 |
| (Face value Rs. 5 per share) |
|
|
|
|
|
|
|
|
|
|
| Reserves excluding Revaluation Reserve |
|
|
|
|
11,937.20 |
|
|
|
|
10,971.40 |
| Basic Earnings per share before & after Extraordinary items (Rs.) (not annualised) |
(7.16) |
18.80 |
0.25 |
29.79 |
54.21 |
(7.15) |
11.56 |
(4.09) |
23.23 |
44.46 |
| Diluted Earnings per share before & after Extraordinary items (Rs.) (not annualised) |
(7.16) |
14.94 |
0.20 |
23.66 |
43.07 |
(7.15) |
9.19 |
(4.09) |
18.37 |
35.33 |
| Public Shareholding |
|
|
|
|
|
|
|
|
|
|
| a. Number of Shares |
|
|
24,049,036 |
24,024,339 |
24,049,036 |
|
|
|
|
|
| b. Percentage of Shareholding |
|
|
44.73 |
44.71 |
44.73 |
|
|
|
|
|
|
|
|
| Notes: |
| 1. |
The above unaudited financial results were reviewed by the Audit Committee and have been approved by the Board at its meeting held on 31.10.2008. The quarterly stand alone results are subject to Limited Review by Auditors of the Company. |
| 2. |
The consolidated financial results have been prepared in accordance with AS - 21 on 'Consolidated Financial Statement', AS - 27 'Financial Reporting of Interests in Joint Ventures' and includes financial results of all subsidiaries and 50:50 Joint Ventures. |
| 3. |
The Company's operations fall within a single primary business segment viz. 'Pharmaceutical Products'. |
| 4. |
Investor complaints pending at the beginning of the quarter: Nil, received: 46, resolved:46 and lying unresolved at the end of the quarter Nil. |
| 5. |
Sales for the quarter include exports of Rs.4134.5 Millions (Rs.4053.4 Millions ). |
| 6. |
Foreign Exchange (Gain)/Loss represents exchange differences arising during the period on all foreign currency transactions. This includes Loss due to restatement of Foreign Currency Convertible Bonds (net of Deposits) Rs.852.9 Millions (Gain of Rs.137.7 Millions ). |
| 7. |
Yield to Maturity (YTM) on redemption of USD 255.5 Million zero coupon Foreign Currency Convertible Bonds is contingent liability in nature, the outcome of which is dependant on uncertain future events. |
| 8. |
During the quarter, the Company has formed new step-down subsidiaries viz., Aurobindo Pharma ApS, Denmark and Aurobindo Baltics, Latvia. |
| 9. |
Figures for the previous periods have been rearranged/regrouped wherever necessary to make it comparable. |
|
|
|
|
By Order of the Board |
|
|
Sd/- |
| Place: Hyderabad |
|
K.Nithyananda Reddy |
| Date : 31.10.2008 |
|
Managing Director |
|
|
|
