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| Exchange Disseminated Time 26/05/2016 17:15:06 | Natco Pharma Ltd has announced the following results for the quarter & year ended March 31, 2016
The Audited Standalone results for the Quarter ended March 31, 2016
The Company has posted a net profit of Rs. 673.10 million for the quarter ended March 31, 2016 where as the same was at Rs. 651.00 million for the quarter ended March 31, 2015. Total Income is Rs. 3792.70 million for the quarter ended March 31, 2016 where as the same was at Rs. 1784.00 million for the quarter ended March 31, 2015.
The figures for the Quarter ended March 31, 2015 as Unaudited.
The Audited Standalone results for the Year ended March 31, 2016
The Company has posted a net profit of Rs. 1744.60 million for the year ended March 31, 2016 where as the same was at Rs. 1529.20 million for the year ended March 31, 2015. Total Income is Rs. 10355.00 million for the year ended March 31, 2016 where as the same was at Rs. 7291.20 million for the year ended March 31, 2015.
The Consolidated Results are as follows:
The Audited Consolidated results for the Quarter ended March 31, 2016
The Group has posted a net profit of Rs. 602.40 million for the quarter ended March 31, 2016 where as the same was at Rs. 544.40 million for the quarter ended March 31, 2015. Total Income is Rs. 4084.70 million for the quarter ended March 31, 2016 where as the same was at Rs. 2040.00 million for the quarter ended March 31, 2015.
The figures for the Quarter ended March 31, 2015 as Unaudited.
The Audited Consolidated results for the Year ended March 31, 2016
The Group has posted a net profit of Rs. 1551.90 million for the year ended March 31, 2016 where as the same was at Rs. 1346.10 million for the year ended March 31, 2015. Total Income is Rs. 11523.80 million for the year ended March 31, 2016 where as the same was at Rs. 8401.80 million for the year ended March 31, 2015.
- NATCO Organics Limited ("NOL"), a wholly owned subsidiary of the Company, amalgamated with the Company, with effect from 1 April 2015 (“the appointed date”). The amalgamation was pursuant to a composite scheme of amalgamation sanctioned by the Honourable High Court of Judicature at Madras vide their Order dated 28 April 2016. Pursuant thereto all the assets and properties, both movable and immovable, rights, title and interests, secured and unsecured debts, borrowings, and all other duties, debts, liabilities, undertakings and obligations of NOL, have been transferred to and vested in the Company retrospectively with effect from 1 April 2015.The amalgamation has been accounted for under the ‘pooling of interests' method as prescribed by Accounting Standard 14 specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014. Accordingly, the assets, liabilities and reserves of NATCO Organics Limited as at 1 April 2015 have been taken over at their book values and in the same form. Pursuant to the above, the standalone financial results for the quarter ended 31 March 2016 together with the standalone financial results for the nine months period ended 31 December 2015 as published by the Company are not comparable with the standalone financial results for the financial year ended 31 March 2016 due to the effect of the aforesaid amalgamation. |
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