<table border=0 cellpadding=2 cellspacing=1 align=center width=100%>

<tr><td colspan=10 align=center width=100%><b><font size='2'>Company : Ajanta Ph

arma Ltd<br>Industry : Pharmaceuticals - Indian - Formulations</font></b></td></
tr>
<tr><td colspan=10 align=left width=100%><b><font size='2' color='red'>Company >
> Finance >> Profit & Loss (Rs in Crs.)</font></b></td><br>
<table id="Baldetails" border="0" style="width:100%;">
<tr>
<td><table width='100%' align='center' cellspacing='0' cellpaddi
ng='0' border='0' bgcolor='#ffffff'><tr><td valign='top'><table width=100% clas
s=tablelines cellpadding=2 cellspacing=1 border=0><tr><td class=SubSbHdrLeft no
wrap width=20%>&nbsp;Year</td><td class=SubSbHdr width=10%>Mar 16 (12)&nbsp;</td
><td class=SubSbHdr width=10%>Mar 15 (12)&nbsp;</td><td class=SubSbHdr width=10%
>Mar 14 (12)&nbsp;</td></tr><tr><td class=ColmElement nowrap>&nbsp;<b>&nbsp; INC
OME :</b></td><td CLASS=ColmElementWht>&nbsp;</td><td CLASS=ColmElementWht>&nbsp
;</td><td CLASS=ColmElementWht>&nbsp;</td></tr><tr><td class=ColmElement nowrap>
&nbsp;<a href=''#'' onclick="javascript:return linkpopup('sto','MAN','13504','Sa
les Turnover +','CPL','con','r')" class=newlink>Sales Turnover +</a></td><td c
lass=ColmElementWht align='right'>15,671.50</td><td class=ColmElementWht align='
right'>13,678.50</td><td class=ColmElementWht align='right'>11,175.70</td></tr><
tr><td class=ColmElement nowrap>&nbsp;&nbsp; Excise Duty</td><td class=ColmEleme
ntWht align='right'>153.90</td><td class=ColmElementWht align='right'>116.50</td
><td class=ColmElementWht align='right'>76.50</td></tr><tr><td class=ColmElement
nowrap>&nbsp;&nbsp; Net Sales</td><td class=ColmElementWht align='right'>15,517
.60</td><td class=ColmElementWht align='right'>13,562.00</td><td class=ColmEleme
ntWht align='right'>11,099.20</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a
href=''#'' onclick="javascript:return linkpopup('othinc','MAN','13504','Other I
ncome +','CPL','con','r')" class=newlink>Other Income +</a></td><td class=Colm
ElementWht align='right'>823.50</td><td class=ColmElementWht align='right'>337.0
0</td><td class=ColmElementWht align='right'>177.20</td></tr><tr><td class=ColmE
lement nowrap>&nbsp;<a href=''#'' onclick="javascript:return linkpopup('stock_ad
j','MAN','13504','Stock Adjustments +','CPL','con','r')" class=newlink>Stock Ad
justments +</a></td><td class=ColmElementWht align='right'>410.20</td><td class
=ColmElementWht align='right'>-92.20</td><td class=ColmElementWht align='right'>
-71.40</td></tr><tr><td class=ColmElement nowrap>&nbsp;<b>&nbsp; Total Income</b
></td><td class=ColmElementWht align='right'><b>16,751.30</b></td><td class=Colm
ElementWht align='right'><b>13,806.80</b></td><td class=ColmElementWht align='ri
ght'><b>11,205.00</b></td></tr><tr><td class=ColmElement nowrap>&nbsp;<b>&nbsp;
EXPENDITURE :</b></td><td CLASS=ColmElementWht>&nbsp;</td><td CLASS=ColmElementW
ht>&nbsp;</td><td CLASS=ColmElementWht>&nbsp;</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return linkpopup('rmc','MAN','13
504','Raw Materials +','CPL','con','r')" class=newlink>Raw Materials +</a></td
><td class=ColmElementWht align='right'>4,550.20</td><td class=ColmElementWht al
ign='right'>3,713.90</td><td class=ColmElementWht align='right'>3,405.40</td></t
r><tr><td class=ColmElement nowrap>&nbsp;<a href=''#'' onclick="javascript:retur
n linkpopup('pfc','MAN','13504','Power & Fuel Cost+','CPL','con','r')" class=new
link>Power & Fuel Cost+</a></td><td class=ColmElementWht align='right'>151.50</t
d><td class=ColmElementWht align='right'>125.80</td><td class=ColmElementWht ali
gn='right'>108.60</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#''
onclick="javascript:return linkpopup('emc','MAN','13504','Employee Cost +','CPL
','con','r')" class=newlink>Employee Cost +</a></td><td class=ColmElementWht al
ign='right'>2,353.80</td><td class=ColmElementWht align='right'>1,863.40</td><td
class=ColmElementWht align='right'>1,472.50</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return linkpopup('omfgexp','MAN',
'13504','Other Manufacturing Expenses +','CPL','con','r')" class=newlink>Other
Manufacturing Expenses +</a></td><td class=ColmElementWht align='right'>774.80<
/td><td class=ColmElementWht align='right'>555.20</td><td class=ColmElementWht a
lign='right'>346.20</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#'
' onclick="javascript:return linkpopup('sac','MAN','13504','Selling and Administ
ration Expenses +','CPL','con','r')" class=newlink>Selling and Administration E

xpenses +</a></td><td class=ColmElementWht align='right'>2,268.60</td><td class

=ColmElementWht align='right'>2,014.20</td><td class=ColmElementWht align='right
'>1,828.40</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#'' onclick
="javascript:return linkpopup('othexp','MAN','13504','Miscellaneous Expenses +',
'CPL','con','r')" class=newlink>Miscellaneous Expenses +</a></td><td class=ColmE
lementWht align='right'>670.40</td><td class=ColmElementWht align='right'>541.20
</td><td class=ColmElementWht align='right'>411.40</td></tr><tr><td class=ColmEl
ement nowrap>&nbsp;<a href=''#'' onclick="javascript:return linkpopup('expcap','
MAN','13504','Less: Pre-operative Expenses Capitalised+','CPL','con','r')" class
=newlink>Less: Pre-operative Expenses Capitalised+</a></td><td class=ColmElement
Wht align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td><td c
lass=ColmElementWht align='right'>0.00</td></tr><tr><td class=ColmElement nowrap
>&nbsp;&nbsp; Total Expenditure</td><td class=ColmElementWht align='right'>10,76
9.30</td><td class=ColmElementWht align='right'>8,813.70</td><td class=ColmEleme
ntWht align='right'>7,572.50</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nb
sp; Operating Profit</td><td class=ColmElementWht align='right'>5,982.00</td><td
class=ColmElementWht align='right'>4,993.10</td><td class=ColmElementWht align=
'right'>3,632.50</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#'' o
nclick="javascript:return linkpopup('INT','MAN','13504','Interest +','CPL','con
','r')" class=newlink>Interest +</a></td><td class=ColmElementWht align='right'
>42.00</td><td class=ColmElementWht align='right'>50.10</td><td class=ColmElemen
tWht align='right'>82.20</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp;
Gross Profit</td><td class=ColmElementWht align='right'>5,940.00</td><td class=C
olmElementWht align='right'>4,943.00</td><td class=ColmElementWht align='right'>
3,550.30</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#'' onclick="
javascript:return linkpopup('depn','MAN','13504','Depreciation+','CPL','con','r'
)" class=newlink>Depreciation+</a></td><td class=ColmElementWht align='right'>42
6.80</td><td class=ColmElementWht align='right'>494.20</td><td class=ColmElement
Wht align='right'>419.70</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp;
Profit Before Tax</td><td class=ColmElementWht align='right'>5,513.20</td><td cl
ass=ColmElementWht align='right'>4,448.80</td><td class=ColmElementWht align='ri
ght'>3,130.60</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#'' oncl
ick="javascript:return linkpopup('tax','MAN','13504','Tax+','CPL','con','r')" cl
ass=newlink>Tax+</a></td><td class=ColmElementWht align='right'>1,318.90</td><td
class=ColmElementWht align='right'>1,457.50</td><td class=ColmElementWht align=
'right'>928.70</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#'' onc
lick="javascript:return linkpopup('fbtax','MAN','13504','Fringe Benefit tax+','C
PL','con','r')" class=newlink>Fringe Benefit tax+</a></td><td class=ColmElementW
ht align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td><td cl
ass=ColmElementWht align='right'>0.00</td></tr><tr><td class=ColmElement nowrap>
&nbsp;<a href=''#'' onclick="javascript:return linkpopup('deftax','MAN','13504',
'Deferred Tax+','CPL','con','r')" class=newlink>Deferred Tax+</a></td><td class=
ColmElementWht align='right'>49.50</td><td class=ColmElementWht align='right'>-7
2.40</td><td class=ColmElementWht align='right'>-6.70</td></tr><tr><td class=Col
mElement nowrap>&nbsp;&nbsp; Reported Net Profit</td><td class=ColmElementWht al
ign='right'>4,144.80</td><td class=ColmElementWht align='right'>3,063.70</td><td
class=ColmElementWht align='right'>2,208.60</td></tr><tr><td class=ColmElement
nowrap>&nbsp;<a href=''#'' onclick="javascript:return linkpopup('pyadj','MAN','1
3504','Extraordinary Items +','CPL','con','r')" class=newlink>Extraordinary Ite
ms +</a></td><td class=ColmElementWht align='right'>-38.70</td><td class=ColmEl
ementWht align='right'>-40.00</td><td class=ColmElementWht align='right'>4.80</t
d></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; Adjusted Net Profit</td><td
class=ColmElementWht align='right'>4,183.50</td><td class=ColmElementWht align=
'right'>3,103.70</td><td class=ColmElementWht align='right'>2,203.80</td></tr><t
r><td class=ColmElement nowrap>&nbsp;<a href=''#'' onclick="javascript:return li
nkpopup('extraitem','MAN','13504','Adjst. below Net Profit +','CPL','con','r')"
class=newlink>Adjst. below Net Profit +</a></td><td class=ColmElementWht align='
right'>4.00</td><td class=ColmElementWht align='right'>19.60</td><td class=ColmE
lementWht align='right'>0.00</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nb
sp; P & L Balance brought forward</td><td class=ColmElementWht align='right'>1,1

94.00</td><td class=ColmElementWht align='right'>295.80</td><td class=ColmElemen

tWht align='right'>98.80</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp;
Statutory Appropriations</td><td class=ColmElementWht align='right'>0.00</td><td
class=ColmElementWht align='right'>0.00</td><td class=ColmElementWht align='rig
ht'>0.00</td></tr><tr><td class=ColmElement nowrap>&nbsp;<a href=''#'' onclick="
javascript:return linkpopup('approp','MAN','13504','Appropriations +','CPL','co
n','r')" class=newlink>Appropriations +</a></td><td class=ColmElementWht align=
'right'>4,065.50</td><td class=ColmElementWht align='right'>2,185.10</td><td cla
ss=ColmElementWht align='right'>2,011.60</td></tr><tr><td class=ColmElement nowr
ap>&nbsp;&nbsp; P & L Balance carried down</td><td class=ColmElementWht align='r
ight'>1,277.30</td><td class=ColmElementWht align='right'>1,194.00</td><td class
=ColmElementWht align='right'>295.80</td></tr><tr><td class=ColmElement nowrap>&
nbsp;&nbsp; Dividend</td><td class=ColmElementWht align='right'>704.00</td><td c
lass=ColmElementWht align='right'>528.20</td><td class=ColmElementWht align='rig
ht'>351.80</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbsp; Preference Div
idend</td><td class=ColmElementWht align='right'>0.00</td><td class=ColmElementW
ht align='right'>0.00</td><td class=ColmElementWht align='right'>0.00</td></tr><
tr><td class=ColmElement nowrap>&nbsp;&nbsp; Equity Dividend %</td><td class=Col
mElementWht align='right'>4,000.00</td><td class=ColmElementWht align='right'>3,
000.00</td><td class=ColmElementWht align='right'>2,000.00</td></tr><tr><td clas
s=ColmElement nowrap>&nbsp;&nbsp; Dividend Per Share(Rs)</td><td class=ColmEleme
ntWht align='right'>80.00</td><td class=ColmElementWht align='right'>60.00</td><
td class=ColmElementWht align='right'>100.00</td></tr><tr><td class=ColmElement
nowrap>&nbsp;&nbsp; Earnings Per Share-Unit Curr</td><td class=ColmElementWht al
ign='right'>461.70</td><td class=ColmElementWht align='right'>340.10</td><td cla
ss=ColmElementWht align='right'>608.00</td></tr><tr><td class=ColmElement nowrap
>&nbsp;&nbsp; Earnings Per Share(Adj)-Unit Curr</td><td class=ColmElementWht ali
gn='right'>461.70</td><td class=ColmElementWht align='right'>340.10</td><td clas
s=ColmElementWht align='right'>243.20</td></tr><tr><td class=ColmElement nowrap>
&nbsp;&nbsp; Book Value-Unit Curr</td><td class=ColmElementWht align='right'>1,2
71.70</td><td class=ColmElementWht align='right'>889.50</td><td class=ColmElemen
tWht align='right'>1,517.60</td></tr><tr><td class=ColmElement nowrap>&nbsp;&nbs
p; Book Value(Adj)-Unit Curr</td><td class=ColmElementWht align='right'>1,271.70
</td><td class=ColmElementWht align='right'>889.50</td><td class=ColmElementWht
align='right'>607.04</td></tr></TABLE></td></tr></TABLE></td>
</tr>
</table></tr>
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