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Investors > Financial Highlights
Statement of audited financial results for the quarter and year ended 31 March, 2017
Rs. In Lacs (Except for per share data)
Standalone Consolidated
Quarter Ended Year Ended Year Ended
Audited
31st March
Unaudited
31st December
Audited
31st March
Audited
31st March
Audited
31st March
Audited
31st March
Audited
31st March

2017

2016

2016

2017

2016

2017

2016

Revenue from operations              
Sale of products (gross) 31,036 25,258 28,889 101,967 91,865 101,967 91,865
Less: Excise duty 513 463 278 2,002 982 2,002 982

Sale of products (net)

30,524 24,794 28,611 99,965 90,883 99,965 90,883

 

             

Sale of services

25 9 - 64 19 64 19

Other operating revenues

408 281 368 1,365 1,663 1,365 1,663

Total revenue from operations

30,956 25,084 28,979 101,394 92,565 101,394 92,565

Other income

119 47 33 344 184 344 184

Total revenue

31,075 25,131 29,012 101,738 92,749 101,738 92,749

 

             

Total expenditure

             

  a) Cost of materials consumed

16,490 12,709 15,197 49,483 44,776 49,483 44,776

  b) Change in inventories of finished goods and work in progress

302 (403) 341 1,455 1,649 1,455 1,649

  c) Employee benefits expense

2,960 2,909 2,924 11,728 10,806 11,728 10,806

  d) Finance costs

913 1,444 1,327 4,877 6,218 4,878 6,221

  e) Depreciation and amortisation expenses

1,713 1,707 1,737 6,914 6,728 6,914 6,728

  f) Other expenses

5,504 4,980 4,560 18,986 17,241 18,855 17,250

  Total expenditure

27,882 23,346 26,086 93,443 87,418 93,313 87,430
               
Profit from ordinary activities before tax and exceptional item
3,193 1,785 2,926 8,295 5,331 8,425 5,319
Exceptional item (Refer note 5)           421  
Profit from ordinary activities before tax 3,193 1,785 2,926 8,295 5,331 8,004 5,319
             

 

Income tax expense:              

 - Current taxes

478 577 602 1,972 1,181 1,972 1,181
 - Minimum Alternatives Tax credit (646) - (135) (646) (135) (646) (135)
 - Deferred tax 618 (112) 235 289 154 289 154

Total tax expense

450 465 702 1,615 1200          1,615 1200
               
Profit after tax 2,743 1,320 2,225 6,680 4,132 6,389 4,119
               
Paid-up equity share capital 1,644 1,644 1,644 1,644 1,644 1,644 1,644

Reserves excluding revaluation reserves

 

 

 

51,446 44,290 51,445 44,179

Earnings Per Share (before extraordinary items) (Face Value of Rs 2/- each)

             

    - Basic

3.34 1.61 2.71 8.13 5.03 7.77             5.01

    - Diluted

3.34 1.61 2.71 8.13 5.03 7.77             5.01

    - Cash

5.42 3.68 4.82 16.54 13.21 16.18 13.20

Earnings Per Share (after extraordinary items) (Face Value of Rs 2/- each)

             

    - Basic

3.34 1.61 2.71 8.13 5.03 7.77             5.01

    - Diluted

3.34 1.61 2.71 8.13 5.03 7.77             5.01

    - Cash

5.42 3.68 4.82 16.54 13.21 16.18 13.20

 

             

 

1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting on 10 May 2017

2. The Board of Directors have declared final dividend of 60 % (Previous year 50%) including interim dividend of 30 % (Previous year 25%) on equity shares . The final dividend of 60 % (Previous year 50%) excluding interim dividend, is subject to approval of shareholders.

3. The financial results for the year ended on March 31, 2017 have been audited by the statutory auditors of the Company. The audit report does not contain any qualifications.

4. The figures for the quarter ended 31 March 2017 as reported in these financial results are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the end of the third quarter of the relevant financial year. Also the figures up to the end of the third quarter had only been reviewed and not subjected to audit.

5. During the year, the Company sold it’s investment in Hikal International BV Netherland (100% subsidiary). Accordingly, Hikal International has been deconsolidated from the Group. Consequently, the foreign currency translation reserve and net assets pertaining to the aforesaid subsidiary has been reversed in the consolidated balance sheet and accounted as an exceptional item in the above results.

6. The previous year/periods figures have been reclassifed/regrouped wherever required to conform with current year's/period's presentation.

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