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Quaterly Results (JUNE'2012)

Investors

AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED ON 30th JUNE'2012
PARTICULARS
AUDITED QUARTER ENDED30.06.12
UNAUDIth QUARTER ENDED
AUDITED PERIOD ENDED
AUDITED YEAR END
31.03.12
30.06.11
30.06.2012
31.03.11
(15 Months)
(12 Months)
INCOME FROM OPERATIONS 39266.18 42583.86 24043.26 159046.56 87647.15
TOTAL INCOME FROM OPERATIONS 39266.18 42583.86 24043.26 159046.56 87647.15
EXPENDITURE
COST OF MATERIAL CONSUMED 21086.94 29057.12 23514.85 121257.34 78479.29
CHANGE IN INVENTORIES F.G/W.I.P 20250.09 6513.92 -4709.49 14476.39 -11092.57
EMPLOYEES BENEFIT EXPENSES -324.17 1467.67 717.58 3948.08 2646.90
DEPRECIATION / AMORTISATION 566.79 458.37 440.11 2324.93 1551.39
OTHER EXPENSES 1943.39 2646.00 1767.13 10260.46 6474.50
TOTAL EXPENDITURE 43523.04 40143.08 21730.18 152267.20 78059.51
PROFIT FROM OPERATIONS -4256.86 2440.78 2313.08 6779.36 9587.64
OTHER INCOME 120.78 970.13 1384.63 2932.28 2057.33
PROFIT BEFORE FINANCE COST -4136.08 3410.91 3697.71 9711.64 11644.97
FINANCE COST 2837.61 2696.57 2113.37 12096.70 7164.10
PROFIT BEFORE TAX -6973.69 714.34 1584.34 -2385.06 4480.87
PROVISION FOR TAX 0.00 142.93 317.30 0.00 879.83
MAT CREDIT ENTITELMENT 0.00 (142.93) (317.03) 0.00 (879.83)
PROVISION FOR DEFFERED TAX -683.54 300.00 50.00 -283.54 147.21
ADD INCOME TAX PREVIOUS YEAR ADJUSTED 0.00 0.00 0.00 0.00 11.50
NET PROFIT -6290.15 414.34 1534.07 -2101.52 4345.16
PAID UP EQUITY SHARE CAPITAL RS. 2/-EACH 923.57 923.57 843.57 923.57 843.57
RESERVE EXCLUDING REVALUATION RESERVES 29464.34 30017.29
EARNING PER SHARE RS. 2/- EACH
BASIC -13.62 0.97 3.64 -4.84 11.13
DILUTED -12.79 0.84 3.12 -4.27 10.87
Public Shareholding
No. of Shares 23790064 23790064 23790064 23790064 23790064
% of shareholding 51.52 51.52 56.40 51.52 56.40
Promoters & Promoters group Shareholding
a) Pledged/ encumberered nil nil nil nil nil
- No. of Shares nil nil nil nil nil
-% of shares (as a % of the total shareholding of
promoter & promoter group nil nil nil nil nil
- % of shares( as a % of the total share capital of the
company nil nil nil
b) Non- Encumbered
- No. of Shares 22388306 22388306 18388306 22388306 18388306
-% of shares (as a % of the total shareholding of
promoter & promoter group 100 100 100 100 100
- % of shares( as a % of the total share capital of the 48.48 48.48 43.60 48.48 43.60
company
Notes:-
1 The figures of the last quarter for the current accounting period ending 30.06.2012 are the balancing figures between the audited
figures in respect of full financial period ending 30.06.12 and the unaudited published figures upto four quarter ending 31.03.2012.
2. Employees benefit cost for the quarter ending 30.06.12 being the balancing figurs is in negative due to transfer of employee benefit cost to seed marketing expenses account amounting to Rs. 1612.28 Lacs.
3. High level of finished stock,slow movement of inventory, clearance of stocks at lower prices, low margin from generic products resulted in lower profit from operations.Further due to increase in rate of interest, the finance cost has increase substantially during the period.
4. Due to extention in accounting period from 12 months to 15 months, the present figures are not comparable with previous year figures.
5. The company is exclusively in Pharmaceutical segment.
6. Information on the Investors' Complaints fro the Quarter: Opening-Nil, Received- 2, Resolved -2, Pending-Nil
7. Previous period figures have been re-grouped/ re-arranged wherever necessary
8. The above results were taken into record by the Audit Committee and the Board of Directors of the company in their respective meetings held on August 28,2012
On behalf of Board of Directors
Date:August 28,2012 (S.R.Mehta)
Place: Chandigarh Chairman


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