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Aurobindo records cons total income of Rs 2530cr

This article was posted on Jun 18, 2008 and is filed under Press Releases

Aurobindo Pharma Limited, is pleased to announce the audited financial results for the year ended 31st March 2008.

The highlights are as under:
_ Financials Consolidated:
• Total Income up by 16.5% to Rs 2530Crs (Rs 2172 Crs)
• PBT up by 41.3% to Rs 291.75 Crs (Rs 206.42 Crs)
• PAT up by 18.7% to Rs 238.48 Crs (Rs 200.96 Crs)
• Gross Margin improves to 44.50% from 42.45%
• Net Margin improves to 9.43% from 9.25%
• Formulation Sales up by 44.81% to Rs 1005 Crs (Rs 694 Crs)
* Pen-G price continue to be stable, China operations stabilize
* 46 ANDA filings in USA in FY 2007-08, cumulative filings 128
* Despite pressure in generic prices. US sales clock USD 59 mn (USD 39 mn) &
* Europe sales USD 50 mn (USD 32 mn)
* Overall borrowings decline to Rs 1847 Crs from Rs 2078 Crs

Consolidated 2007-08

The Company has registered a total income of Rs.2530 crores (Rs.2172 crores) up by 16.5%.The profit before tax has jumped to Rs.292 crores (Rs.206 crores) up by 41.7%. After making a provision for tax of Rs.54 crores (Rs.4 crores) the net profit stands at Rs.238 crores (Rs.201 crores) up by 18.4%.

The consolidated EBIDTA stands at Rs.435 crores (Rs.351 crores) up by 23.9%.

Standalone 2007-08

The Company has registered a total income of Rs.2353 crores (Rs.1918 crores) up by 22.7%. The profit before tax has jumped to Rs.345 crores (Rs.231 crores) up by 49.3%. After making a provision for tax of Rs.54 crores (Rs.2 crores) the net profit stands at Rs.291 crores (Rs.229 crores) up by 27.1%.

The standalone EBIDTA stands Rs.435 crores (Rs.321 crores) up by 35.5%.

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