zydus wellness ltd (ZYWL) Snapshot

Zydus Wellness Limited announced that the existing auditors - M/s. Manubhai & Co., Chartered Accountants have expressed their unwillingness to be re-appointed at the ensuing Annual General Meeting. In the circumstances, the members of the Audit Committee and the Board vide circular resolution have recommended to the members the appointment of M/s. Dhirubhai Shah & Co, Chartered Accountants, Ahmedabad as the Statutory Auditors of the Company at the ensuing Annual General Meeting.

Zydus Wellness Limited reported audited company and consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, on company basis, the company reported net sales of INR 305.5 million compared to INR 336.5 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 344.5 million compared to INR 226.3 million a year ago. Profit from ordinary activities before tax was INR 378.2 million compared to INR 254.3 million a year ago. Net profit was INR 374.1 million or INR 9.58 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 234.9 million or INR 6.01 per basic and diluted share before and after extraordinary items (not annualized) for the same period a year ago. For the year, on company basis, the company reported net sales of INR 1,187.0 million compared to INR 2,083.6 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 854.9 million compared to INR 699.1 million a year ago. Profit from ordinary activities before tax was INR 993.3 million compared to INR 786.1 million a year ago. Net profit was INR 971.1 million or INR 24.85 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 676.8 million or INR 17.32 per basic and diluted share before and after extraordinary items (not annualized) for the same period a year ago. For the quarter, on consolidated basis, the company reported net sales of INR 1,029.6 million compared to INR 821.8 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 288.1 million compared to INR 236.5 million a year ago. Profit from ordinary activities before tax was INR 330.7 million compared to INR 265.2 million a year ago. Net profit was INR 381.7 million or INR 9.58 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 238.9 million or INR 6.01 per basic and diluted share before and after extraordinary items (not annualized) for the same period a year ago. For the year, on consolidated basis, the company reported net sales of INR 3,870.9 million compared to INR 3,354.9 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 921.7 million compared to INR 733.8 million a year ago. Profit from ordinary activities before tax was INR 1,078.6 million compared to INR 822.4 million a year ago. Net profit was INR 990.3 million or INR 24.85 per basic and diluted share before and after extraordinary items (not annualized) compared to INR 685.9 million or INR 17.32 per basic and diluted share before and after extraordinary items (not annualized) for the same period a year ago.

Zydus Wellness Limited announced at its board meeting held on May 13, 2013, has declared interim dividend of 60%, that is INR 6 per equity share on 39,072,089 equity shares of INR 10 each of the company for the year ended on March 31, 2013.