CIPLA LIMITED = RESULTS = FOR Q3 FY 2011 = QTR ENDING DECEMBER 2010 = LACK LUSTRE RESULTS

Cipla Limited

NSE Symbol CIPLA

 CIPLA LIMITED  has declared lack lustre results in Qtr ending December 2010.

 Net Sales is Rs. 1501.36 cr – down by  4.97% from Q2 FY 11; up by 5.18% from Q1 FY 11; Up by 13.96% from Q4 FY 10; up by 11.7% from Q3 FY 10.

 Total Expenditure          is Rs.1300.74 cr – down by  0.91% from Q2 FY 11; UP by 9.86% from Q1 FY 11; up by 11.54% from Q4 FY 10; and UP by 17.79% from Q3 FY 10.

Profit from Operations is Rs.252.93 cr – down by 16.43% from Q2 FY 11; down by 14.49% from Q1 FY 11; Up by 21.3% from Q4 FY 10; and down by 24.32% from Q3 FY 10.

Profit before tax is Rs.275.69 cr – down by 13.58% from Q2 FY 11; down by 11.76% from Q1 FY 11; down by 20.81% from Q4 FY 10; down by 20.71% from Q3 FY 10.

Net Profit is Rs.232.69 cr – down by 11.53% from Q2 FY11; down by 9.61% from Q1 FY11; down by 15.55% from Q4 FY 10; down by 19.49% from Q3 FY 10.

Basic EPS is Rs.2.9 – against Rs.3.27 in Q2 FY 11; Rs.3.21 in Q1 FY 11; Rs.3.43 in Q4 FY10; and Rs.3.6 in Q3 FY 10.

Stand Alone Results Table :

CIPLA	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Net Sales	150136	157988	142738	131749	134416
Net Sales	150136	-4.97	5.18	13.96	11.7
Other Oprtg Income	5231	3547	5238	5720	9434
Incr./decr. in  SIT / WIP	-6635	3972	2086	-8872	-3279
Raw Materials	57426	53841	52247	56612	47025
Traded Goods	18793	17057	12690	13342	18729
Employees Cost	13509	13758	13756	9986	8895
Depreciation	6525	6391	5482	4948	4567
Other Expenditure	40456	36251	32137	40602	34492
Total Expenditure	130074	131270	118398	116618	110429
Total Expenditure	130074	-0.91	9.86	11.54	17.79
Profit from Operations	25293	30265	29578	20851	33421
Profit from Operations	25293	-16.43	-14.49	21.3	-24.32
Other Income5	2569	1664	1675	4508	1784
Interest6	293	28	11	46	437
Exceptional Items7	-	-	-	-9500	-
Profit before tax	27569	31901	31242	34813	34768
Profit before tax	27569	-13.58	-11.76	-20.81	-20.71
Tax expense	4300	5600	5500	7260	5865
Net Profit	23269	26301	25742	27553	28903
Net Profit	23269	-11.53	-9.61	-15.55	-19.49
Face Value (In Rs	2	2	2	2	2
Paid Up Equity	16058	16058	16058	16058	16058
Basic EPS	2.9	3.27	3.21	3.43	3.6
Public Holding (%)	62.6	62.43	62.4	62.38	62.34

ANNOUNCEMENTS

TO NSE

04-02-2011 Cipla Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 150136 lacs for quarter ending on 31-DEC-2010 against Rs. 134416 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 23269 lacs for the quarter ending on 31-DEC-2010 against Rs. 28903 lacs for the quarter ending on 31-DEC-2009.

28-12-2010 Cipla Limited has informed the Exchange about fresh notices received from National Pharmaceutical Pricing Authority, Government of India. The Company has now received further demand notices from the Government demanding an amount of Rs. 47.70 crores in respect of the drug Salbutamol and an amount of Rs. 25.46 crores in respect of the drug Ciprofloxacin. These demands are contrary to the orders of the Hon'ble Supreme Court of India and the Company has received legal advice that entire amounts demanded by the Government are not tenable and sustainable.

11-11-2010 Cipla Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 157988 lacs for quarter ending on 30-SEP-2010 against Rs. 137118 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 26301 lacs for the quarter ending on 30-SEP-2010 against Rs. 27574 lacs for the quarter ending on 30-SEP-2009.

25-08-2010      Cipla Limited has informed the Exchange that the Board of Director of the Company at its meeting held on August 25, 2010, inter alia, has approved the acquisition of Meditab Specialties Pvt. Ltd. ("Meditab") for an aggregate consideration of Rs.133.35 crores.

13-08-2010      Cipla Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 142738 lacs for quarter ending on 30-JUN-2010 against Rs. 132526 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 25742 lacs for the quarter ending on 30-JUN-2010 against Rs. 24171 lacs for the quarter ending on 30-JUN-2009.

24-05-2010      Cipla Limited has informed the Exchange that the Company has set up a Wholly Owned Subsidiary 'Cipla Singapore Pte Limited' in Singapore. The subsidiary has been set up inter-alia to aid logistics and distribution of Company's export business.

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BHARTI AIRTEL LTD = RESULTS = FOR Q3 FY 11 = QTR ENDING DECEMBER 2010 = NET SALES UP; PROFITS DOWN;

Bharti Airtel Limited

NSE Symbol BHARTIARTL

BHARTI AIRTEL  has declared its results for Q/E Dec,2010. It is compared with the previous 4 qtrs as  below :

Net Sales is Rs.9563.70 cr  - up by 2.84% from Q2 FY 11; by 2.57% from Q1 FY 11; by 7.31% from Q4 FY 10; and by 9.23% from Q3 FY 10.

Total Expenditure          is Rs.7483.40 Cr – up by 5.88% from Q2 FY 11; by 6.54% from Q1 FY 11; by 11.72% from Q4 FY 10; and by 16.19% from Q3 FY 10; 

Thus expenditure has grown much higher compared to growth in Sales income.

Profit from Operations is Rs.2080.30 cr – down by :  6.8%  from Q2 FY 11; by 9.55% from Q1 FY 11; by 6.01% from Q4 FY 10; and by 10.13% from Q3 FY 10.

Profit before tax is Rs.2039.50 cr – down by  14.95% from Q2 FY 11; down by 7.52% from Q1 FY 11; down by  19.25% from Q4 FY 10; and down by 20.23% from Q3 FY 10. This has come down due to higher Interest burden.

Tax expense is slightly Lower.

Hence, Net Profit is Rs.1847.80 cr – down (slightly less ) by  12.02% from Q2 FY11; by 4.3% from Q1 FY 11; by 13.23% from Q4 FY 10; and by 20.08% from Q3 FY 10.

On a Face Value of Rs.5, the Basic EPS          is Rs.4.87 – down by 11.93% from Q2 FY 11; by 4.13% from Q1 FY 11;  by 13.04% from Q4 FY 10; and by 20.03% from Q3 FY 10.

Current MP is around Rs.331. On an annual EPS  of around Rs.20, the PE Ratio is 16.55. The Telecom Industry is going through various uncertainties. Considering all that, Bharti’s performance appears to be reasonably good.

When the current turmoils eventually subside, Bharti  could emerge a good winner. As can be seen from the various initiatives Bharti has been taking in the other countries (see Announcements section), Bharti will eventually emerge as a Big Telecom Multinational from India, in its own right and will immunize itself for any turmoils in any country. It seems to have the Best of Partnerships (in IBM, Ericsson etc) to achieve this.

STAND ALONE RESULTS TABLE :

BHARTI AIRTEL	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Net Sales	956370	929990	932370	891192	875545
Net Sales	956370	2.84	2.57	7.31	9.23
Employees Cost	35980	38590	35340	37905	34947
Depreciation	112810	106620	106670	100286	99018
Other Expenditure	599550	561560	560360	531658	510089
Total Expenditure	748340	706770	702370	669849	644054
Total Expenditure	748340	5.88	6.54	11.72	16.19
Profit from Operations	208030	223220	230000	221343	231491
Profit from Operations	208030	-6.8	-9.55	-6.01	-10.13
Other Income	1490	1990	5000	3240	1611
Interest	5570	-14600	14460	-27984	-22566
Profit before tax	203950	239810	220540	252567	255668
Profit before tax	203950	-14.95	-7.52	-19.25	-20.23
Tax expense	19170	29780	27450	39606	24458
Net Profit after tax	184780	210030	193090	212961	231210
Net Profit	184780	210030	193090	212961	231210
Net Profit	184780	-12.02	-4.3	-13.23	-20.08
Face Value (In Rs	5	5	5	5	5
Paid Up Equity	189880	189880	189880	189877	189848
Reserves	4079010	3892160	3679750	3483628	3312236
Basic EPS	4.87	5.53	5.08	5.6	6.09
Basic EPS	4.87	-11.93	-4.13	-13.04	-20.03
Public Holding (%)	31.8	32.13	32.13	32.17	32.16

ANNOUNCEMENTS

TO THE NSE

02-02-2011 Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 956370 lacs for quarter ending on 31-DEC-2010 against Rs. 929990 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 184780 lacs for the quarter ending on 31-DEC-2010 against Rs. 210030 lacs for the quarter ending on 30-SEP-2010.

12-01-2011             Bharti Airtel Limited has informed the Exchange regarding a press release dated January 12, 2011, titled "SBI and airtel join hands to usher in a new era of financial inclusion for unbanked India".

20-12-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated December 20, 2010, titled "Kyamon acho Bangladesh' says airtel"       

18-11-2010             Bharti Airtel Limited has informed the Exchange regarding the press release dated November 18, 2010, titled "airtel unveils new youthful and dynamic global identity".

10-11-2010             Bharti Airtel Limited has informed the Exchange regarding the press release dated November 10, 2010, titled "Q2 FY11 Revenues at Rs.15,215 crore, up by 47% Y-o-Y".

10-11-2010             Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 929990 lacs for quarter ending on 30-SEP-2010 against Rs. 932370 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 210030 lacs for the quarter ending on 30-SEP-2010 against Rs. 193090 lacs for the quarter ending on 30-JUN-2010.

20-09-2010             Bharti Airtel Limited has informed the Exchange regarding a Press Release dated September 20, 2010, titled "Bharti Airtel gears up for 3G roll out - selects network partners".

17-09-2010             Bharti Airtel Limited has informed the Exchange regarding the Press Release dated September 17, 2010 titled "Bharti Airtel and IBM Join Forces to Transform Emerging African Mobile Communications Market and Fuel Economic Development Across the Continent".

11-08-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated August 11, 2010, titled "Bharti Airtel to acquire Telecom Seychelles; To expand Africa footprint to 16 countries".        

11-08-2010             Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 932370 lacs for quarter ending on 30-JUN-2010 against Rs. 891192 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 193090 lacs for the quarter ending on 30-JUN-2010 against Rs. 212961 lacs for the quarter ending on 31-MAR-2010.

08-06-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated June 08, 2010, titled "Airtel Connects with Africa - to become the first Indian brand to go truly global".        

27-05-2010             Bharti Airtel Limited has informed the Exchange regarding the media statement being issued by the Company regarding the intimation of funds drawdown for the completion of acquisition of Zain Africa BV.

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 4182946 lacs for year ending on 31-MAR-2010 against Rs. 3735208 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 916313 lacs for the year ending on 

31-MAR-2010 against Rs. 785895 lacs for the year ending on 31-MAR-2009. 

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 1073941 lacs for quarter ending on 31-MAR-2010 against Rs. 1030495 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 202411 lacs for the quarter ending on 31-MAR-2010 against Rs. 223690 lacs for the quarter ending on 31-DEC-2009.

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 3560954 lacs for year ending on 31-MAR-2010 against Rs. 3401429 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 942616 lacs for the year ending on 31-MAR-2010 against Rs. 774384 lacs for the year ending on 31-MAR-2009.       -

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 891192 lacs for quarter ending on 31-MAR-2010 against Rs. 875545 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 212961 lacs for the quarter ending on 31-MAR-2010 against Rs. 231210 lacs for the quarter ending on 31-DEC-2009.

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated April 28, 2010, titled "Q4 FY 2010 : Topline Growth bounces back - Quarterly revenue crosses Rs.10,000 crore mark for the first time".

28-04-2010             Bharti Airtel Limited has informed the Exchange that the Board of Directors in their meeting held on April 28, 2010 considered and recommended a dividend @ 20% i.e. Rs.1/- per equity share of Rs. 5/- each for the financial year 2009-10.The payment is subject to approval of the shareholders in the ensuing Annual General Meeting of the Company.            -

07-04-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated April 07, 2010, titled "Now record TV from your mobile with 'Airtel digital TV Recorder'".

01-04-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated April 01, 2010, titled "Bharti Airtel and global telcos boost Trans-Pacific connectivity with the launch of the Unity cable system".

31-03-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated March 31, 2010, titled "Bharti Airtel extends partnership with Ericsson".

31-03-2010             Bharti Airtel Limited has informed the Exchange regarding execution of definitive agreement with Zain Group for acquisition of Zain Africa BV. Further, the Company has submitted to the Exchange a press release dated March 30, 2010, titled "Bharti set to acquire Zain Africa BV".

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