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Content :
Unaudited Financial Results for the Quarter ended June 30, 2012
SANOFI INDIA LIMITED
Registered Office : 54/A, Sir Mathuradas Vasanji Road,
Andheri East, Mumbai 400 093
Part I
(Rs. Million) | Particulars | Quarter ended 30.06.2012
Unaudited | Quarter ended 31.03.2012
Unaudited | Quarter ended 30.06.2011
Unaudited | Half Year ended 30.06.2012
Unaudited | Half Year ended 30.06.2011
Unaudited | Year ended 31.12.2011
(Audited) |
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| 1. Income from Operations | | | | | | |
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| (a) Net Sales (net of excise duty) | 3,741 | 3,225 | 3,028 | 6,966 | 5,791 | 12,297 |
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| (b) Other Operating Income | 185 | 203 | 195 | 388 | 374 | 753 |
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| Total income from Operations (net) | 3,926 | 3,428 | 3,223 | 7,354 | 6,165 | 13,050 |
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| 2 Expenditure | | | | | | |
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| (a) Cost of Materials Consumed | 1,428 | 1,322 | 1,315 | 2,750 | 2,507 | 4,916 |
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| (b) Purchase of stock in trade | 521 | 478 | 490 | 999 | 726 | 1,353 |
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| (c) Changes in inventories of finished goods, work in progress and stock in trade | (98) | (215) | (299) | (313) | (366) | (76) |
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| (d) Employee benefits expense | 548 | 490 | 441 | 1,038 | 846 | 1,764 |
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| (e) Depreciation and amortisation expense | 186 | 183 | 54 | 369 | 108 | 311 |
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| (f) Other expenses | 820 | 658 | 653 | 1,478 | 1,215 | 2,579 |
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| (g) Total Expenses | 3,405 | 2,916 | 2,654 | 6,321 | 5,036 | 10,847 |
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| 3 Profit from Operations before other income and finance costs (1-2) | 521 | 512 | 569 | 1,033 | 1,129 | 2,203 |
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| 4 Other Income | 82 | 86 | 166 | 168 | 364 | 641 |
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| 5 Profit before finance costs (3+4) | 603 | 598 | 735 | 1,201 | 1,493 | 2,844 |
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| 6 Finance costs | 4 | 4 | - | 8 | - | 4 |
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| 7 Profit before tax and Exceptional items (5-6) | 599 | 594 | 735 | 1,193 | 1,493 | 2,840 |
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| 8 Tax Expense | 194 | 193 | 238 | 387 | 490 | 928 |
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| 9 Net Profit for the period before Exceptional items (7-8) | 405 | 401 | 497 | 806 | 1,003 | 1,912 |
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| 10 Exceptional item (net of tax) | - | - | - | - | - | - |
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| 11 Net Profit for the period after Exceptional items (9+10) | 405 | 401 | 497 | 806 | 1,003 | 1,912 |
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12 Paid-up equity share capital
(Face Value of Rs. 10 per Share) | 230 | 230 | 230 | 230 | 230 | 230 |
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13 Reserves excluding Revaluation
Reserves as per balance, sheet of previous accounting year | | | | | | 10,781 |
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14 Earnings Per Share (EPS) before Exceptional items (Rs.)
(Basic and diluted EPS for the period, for the year to date and for the previous year) | 17.61 | 17.43 | 21.61 | 35.04 | 43.61 | 83.13 |
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15 Earnings Per Share (EPS) after Exceptional items (Rs.)
(Basic and diluted EPS for the period, for the year to date and for the previous year) | 17.61 | 17.43 | 21.61 | 35.04 | 43.61 | 83.13 |
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Part II
| Particulars | Quarter ended 30.06.2012
Unaudited | Quarter ended 31.03.2012
Unaudited | Quarter ended 30.06.2011
Unaudited | Half Year ended 30.06.2012
Unaudited | Half Year ended 30.06.2011
Unaudited | Year ended 31.12.2011
(Audited) |
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A. PARTICULARS OF SHAREHOLDING | | | | | | |
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| 1 Public Shareholding | | | | | | |
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| - Number of Shares | 9,121,035 | 9,121,035 | 9,121,035 | 9,121,035 | 9,121,035 | 9,121,035 |
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| - Percentage of Shareholding | 39.60% | 39.60% | 39.60% | 39.60% | 39.60% | 39.60% |
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| 2 Promoters and Promoter group Shareholding | | | | | | |
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| a) Pledged/Encumbered | | | | | | |
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| - Number of shares | NIL | NIL | NIL | NIL | NIL | NIL |
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| - Percentage of shares (as a % of total shareholding of promoter and promoter group) | NIL | NIL | NIL | NIL | NIL | NIL |
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| - Percentage of shares (as a % of total share capital of the company) | NIL | NIL | NIL | NIL | NIL | NIL |
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| b) Non-encumbered | | | | | | |
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| - Number of shares | 13,909,587 | 13,909,587 | 13,909,587 | 13,909,587 | 13,909,587 | 13,909,587 |
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- Percentage of shares (as a % of total
shareholding of promoter and promoter group) | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
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| - Percentage of shares (as a % of total share capital of the company) | 60.40% | 60.40% | 60.40% | 60.40% | 60.40% | 60.40% |
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| Particulars | 3 Months ended June 30,2012 |
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B. INVESTOR COMPLAINTS | |
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| Pending at the beginning of the quarter | NIL |
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| Received during the quarter | 32 |
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| Disposed of during the quarter | 32 |
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| Remaining unresolved at the end of the quarter | NIL |
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The Statement of Assets and Liabilities as required under clause 41(V)(h) of the Listing Agreement is as under:
| Particulars | As at June 30, 2012 Unaudited | As at Dec 31, 2011 Audited |
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EQUITY AND LIABILITIES : | | |
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| Shareholders' funds : | | |
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| (a) Share capital | 230 | 230 |
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| (b) Reserves & Surplus * | 11,631 | 10,936 |
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| Sub-total - Shareholder's Funds | 11,861 | 11,166 |
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| Non-current liabilities | | |
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| (a) Other long term liabilities | 10 | 10 |
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| (b) Long term provisions | 362 | 313 |
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| (c) Deferred Tax Liabilities (Net) | 88 | 85 |
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| Sub-total - Non-current liabilities | 460 | 408 |
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| Current liabilities | | |
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| (a) Trade Payables | 1,459 | 1,435 |
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| (b) Other current liabilities | 656 | 750 |
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| (c) Short-term provisions | 628 | 1,266 |
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| Sub-total - Current liabilities | 2,743 | 3,451 |
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| TOTAL EQUITY & LIABILITIES | 15,064 | 15,025 |
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| ASSETS | | |
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| Non-current assets | | |
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| (a) Fixed Assets (Including Capital Work in Progress) | 7,548 | 7,598 |
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| (b) Non current investments | 4 | 4 |
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| (c) Long term loans and advances | 599 | 771 |
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| (d) Other non-current assets | 13 | 6 |
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| Sub-Total - Non Current Assets | 8,164 | 8,379 |
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| Current assets | | |
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| (a) Inventories | 2,996 | 2,543 |
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| (b) Trade receivables | 1,258 | 1,040 |
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| (c) Cash & Bank Balances | 2,345 | 2,342 |
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| (d) Short term loans & advances | 239 | 657 |
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| (e) Other current assets | 62 | 64 |
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| Sub-total - Current assets | 6,900 | 6,646 |
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| TOTAL ASSETS | 15,064 | 15,025 |
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* After considering Interim Dividend
Notes: - The above Results were approved by the Board of Directors of the Company at its Meeting held on July 25, 2012.
- In accordance with Clause 41 of the Listing Agreement with the Stock Exchanges, the Company's Statutory Auditors have conducted a 'Limited Review' of the Financial Results for the quarter ended June 30, 2012.
- The Registrar of Companies, Maharashtra approved change of name of the Company from Aventis Pharma Limited to Sanofi India Limited, with effect from May 11, 2012 pursuant to the resolution passed by the Members at the Annual General Meeting held on May 3, 2012.
- The Board of Directors has declared an Interim Dividend of Rs. 4 per Equity share of Rs. 10 to be paid to those Members whose names appear on the Register of Members of the Company on August 3, 2012 being the Record Date. The said dividend will be paid on August 16, 2012.
- The profit for the quarter and half year ended June 30, 2012 has been impacted due to the amortization costs relating to the brands and technical know-how acquired in 2011 from Universal Medicare Private Limited and lower interest income as a result of the above investment.
- The Company has a single business segment namely ‘Pharmaceutical Business’.
- The figures for the previous periods have been re-grouped, wherever necessary.
SANOFI INDIA LIMITED
DR. SHAILESH AYYANGAR
MANAGING DIRECTOR
Updated July 25, 2012
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