| AUDITED FINANCIAL RESULTS | ||||||
| FOR THE NINE MONTHS ENDED DECEMBER 31, 2007 | ||||||
| (Rupees in Lakhs.) | ||||||
| Particulars | ####### | 3 months ended 31.12.2007 | 3 months ended 31.12.2006 | Half Year ended 31.12.2007 | Half Year ended 31.12.2006 | Year ended 31.3.2007 |
| Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| Gross Sales/Other Income | 4595.8 | 5081.48 | 4317.59 | 14640.73 | 12906.27 | 17972.93 |
| Less:Exise Duty | -548.58 | (708.75) | (519.85) | (1,880.21) | (1,612.12) | (2314.43) |
| NET SALES | 4047.22 | 4,372.73 | 3797.74 | 12760.52 | 11294.15 | 15658.50 |
| Other Income | 2.58 | 2.13 | 4.90 | 11.04 | 16.37 | 21.58 |
| TOTL INCOME | 4049.8 | 4374.86 | 3802.64 | 12771.56 | 11310.52 | 15680.08 |
| TOTAL EXPENDITURE | ||||||
| a) Increase/Decrease in stock | -255.62 | (82.06) | (69.58) | (168.82) | 31.3 | (300.68) |
| b) Consumption of Materials | 3587.91 | 3707.16 | 3122.30 | 10910.44 | 9386.9 | 13563.16 |
| c) Purchase of Traded Goods | - | 53.64 | 30.69 | 84.47 | 84.47 | |
| d) Staff Cost | 92.52 | 92.31 | 90.23 | 286.41 | 249.97 | 340.42 |
| e) Other expenditure | 130.54 | 252.94 | 233.21 | 502.35 | 465.1 | 618.13 |
| Total (a) to (e) | 3555.35 | 3,970.35 | 3429.80 | 11561.07 | 10217.74 | 14305.50 |
| Profit Before Int, Dep. and Tax | 494.45 | 404.51 | 372.84 | 1210.49 | 1092.78 | 1374.58 |
| Interest | 163.37 | 176.81 | 158.54 | 504.93 | 426.07 | 655.18 |
| Depreciation | 43.64 | 44.93 | 44.19 | 132.92 | 127.14 | 170.12 |
| Profit before Tax | 287.44 | 182.77 | 170.11 | 572.64 | 539.57 | 549.28 |
| Provision for Taxation | ||||||
| Current Tax Including FBT | 26.73 | 40.00 | 26.13 | 80.00 | 66.13 | 85.86 |
| Earlier Tax | 0 | - | - | 0 | 0.12 | (31.48) |
| Deferred Tax | -12.72 | (3.50) | 62.13 | (26.98) | 41.02 | 56.13 |
| Wealth Tax | 0 | - | - | - | - | 0.29 |
| Profit after Tax | 273.43 | 146.27 | 81.85 | 519.62 | 432.30 | 438.48 |
| Paid-up Equity Share Capital | 2600.5 | 2600.50 | 2600.50 | 2600.50 | 2600.50 | 2600.50 |
| Reserves excluding Revaluation Reserve | 1521.31 | |||||
| Basic and Diluted Earnings Per Share (Rs.) | 0.11 | 0.06 | 0.03 | 0.20 | 0.17 | 0.17 |
| (Not Annualised for the Quarter and Half Year) | ||||||
| Aggregate of Non-Promoter Shareholding | ||||||
| Number of shares | 1.9E+08 | 194205340 | 194205340 | 194205340 | 194205340 | 194205340 |
| Percentage of Shareholding | 74.68% | 74.68% | 74.68% | 74.68% | 74.68% | 74.68% |
| Note : | ||||||
| 1. The Company operates only in one business segment namely formulations. | ||||||
| 2. Previous period figures have been regrouped / rearranged wherever necessary to confirm to the | ||||||
| current periods classification. | ||||||
| 3. The Revised Accounting Standard 15"Employee Benefits" issued by the Institute of Chartered Accountants of India | ||||||
| has become applicable to the Company with effect from April 1, 2007. The Impact of such revision, which is | ||||||
| not likely to be material, will be considered at the year end. | ||||||
| 3. Provision for taxation for the Nine months ended December 31, 2007 has been made on an estimate basis. The actual tax | ||||||
| liability will be determined on the basis of the taxable income of the Company for the year April 1, 2007 to March 31, 2008 | ||||||
| 4. The above results were reviewed by the audit committee and taken on record at the meeting of the | ||||||
| Board of Directors held on February 29, 2008. | ||||||
| 5. During the quarter 'NIL' investor compliants were received and disposed off. There were no | ||||||
| investor compliants pending for the redressal as at the commencement and end of the quarter. | ||||||
| 6. The above results have been subjected to a Limited Review by the Statutory auditors as per | ||||||
| listing agreement with the stock exchange. | ||||||
| For ARVIND REMEDIES LTD | ||||||
| PLACE:CHENNAI 600 084 | DR.B.Arvind Shah | |||||
| DATE : Februay 29, 2008 | Managing Director | |||||