AUROPHARMA2021-04-012021-06-30in-bse-fin:OneOperatingExpenses01Member AUROPHARMA2021-04-012021-06-30in-bse-fin:OneOperatingExpenses02Member AUROPHARMA2021-04-012021-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member AUROPHARMA2021-04-012021-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member AUROPHARMA2021-04-012021-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares AUROPHARMA 2021-04-01 2022-03-31 2021-08-04 INR Lakhs First quarter Single segment Pharmaceutical Products 2021-04-01 2021-06-30 Unaudited Consolidated 57019800000.00 813100000.00 57832900000.00 18600500000.00 3732400000.00 1329400000.00 8699300000.00 128800000.00 2796900000.00 12278500000.00 47565800000.00 10267100000.00 0.00 10267100000.00 2431600000.00 45800000.00 2477400000.00 0.00 7789700000.00 0.00 0.00 0.00 -90000000.00 7699700000.00 2313300000.00 10013000000.00 7699700000.00 0.00 2313300000.00 0.00 585900000.00 1 13.14 13.14 0.00 0.00 13.14 13.14 1 The financial results of the Group have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder. 2 The above consolidated financial results have been prepared in accordance with principles and procedures as set out in the Ind AS 110 on Consolidated financial statements and Ind AS 28 on Investments in Associates and Joint ventures notified under Section 133 of Companies Act, 2013 and Companies (Indian Accounting Standards) Rules, 2015, as amended. 3 The above consolidated financial results as reviewed by the audit committee have been approved by the Board of Directors at its meeting held on 12 August 2021. The statutory auditors have carried out limited review of the above results for quarter ended 30 June 2021. An unmodified report has been issued by them thereon. 4 Profit before tax includes exceptional items of Rs.281,458 lakhs for the year ended 31 March 2021 consists of: a. Rs. 309,665 lakhs gain on disposal of business assets of a wholly-owned step-down subsidiary, Natrol LLC, United States of America. Pursuant to the Board’s approval on 25 October 2020, the Group entered into a definitive agreement to dispose of business assets of Natrol LLC, as a going concern with related assets, liabilities, products, brands and employees for a cash price of USD 550 million. b. Rs. 15,285 lakhs gain on account of remeasurement of equity interest in Eugia Pharma Specialties Limited, a joint venture company as at 6 November 2020. The Board in its meeting held on 16 October 2020 decided to enter into a share purchase agreement to acquire 100% equity share capital of MViyes Pharma Ventures Private Limited. MViyes is holding 29.13% shareholding in Eugia Pharma Specialties Limited, a joint venture company in which the Parent Company, through its wholly-owned subsidiary company, is holding 70.87%. By this acquisition, both Eugia Pharma Specialties Limited and MViyes Pharma Ventures Private Limited have become wholly owned subsidiaries. c. Rs. 43,492 lakhs impairment charges taken considering the difficult economic conditions and the continued impact of Covid 19 in certain markets towards product related intangibles and goodwill. Tax expenses on the above exceptional item is Rs. 70,489 lakhs. Profit after tax excluding exceptional item (net of tax) for the year ended 31 March 2021 was Rs. 322,414 lakhs. 5 The Group operates in only one segment viz., 'Pharmaceutical Products'. 6 During the quarter, the following companies have been incorporated: Nurya Brands Inc was incorporated in USA as a wholly owned subsidiary of Auro Health LLC, USA w.e.f 28 April 2021. Auro Steriles LLC was incorporated in USA as a wholly owned subsidiary of Aurobindo Pharma USA Inc w.e.f 1 April 2021. Eugia Injectable Inc was incorporated in USA as a wholly owned subsidiary of Eugia Pharma Specialities Ltd, India w.e.f 1 April 2021. Foreign Exchange Gain -285900000.00 Other Expenses 12564400000.00 7 Foreign exchange gain includes exchange difference arising from foreign currency borrowings to the extent that they are regarded as an adjustment to finance cost as per para 6(e) of Ind AS 23 on borrowing costs. 8 The Government of India, on 20 September 2019, vide the Taxation Laws (Amendment) Ordinance 2019, the Ordinance inserted a new Section 115BAA in the Income tax Act, 1961, which provides an option to the Company for paying income tax at reduced rates as per the provisions/conditions defined in the said section. The parent Company is in the process of evaluating the above ordinance and currently the management has proposed to continue with the old tax rates. 9 The Group continues to monitor the possible effects that may result from the pandemic relating to COVID-19. The Group continues to take several business continuity measures with a view to ensure minimal disruption with respect to operations including production and distribution activities. While the Group has experienced certain challenges in certain markets, where the impact of the pandemic is prolonged and business environment is impacted due to the uncertainty, the Group has not experienced any significant difficulties with respect to market demand, financing capital expansion projects, collections or liquidity in other markets. Based on internal and external sources of information, current economic environment and future economic indicators, Group has assessed the financial impact of the COVID-19 situation on its operations particularly on the carrying amounts of receivables, inventories, property, plant and equipment, goodwill and other intangible assets. Wherever considered necessary an assessment of the impact has been carried out and the impact if material on account of impairment have been recorded. However, the impact of the pandemic could be different from those estimated today considering the uncertainties involved. The Group will continue to monitor any material changes to future economic conditions. 10 The date of implementation of the Code of Wages 2019 and Code on Social Security, 2020 is yet to be notified by the Government. The Group is in the process of assessing the impact of these Codes and will give effect in the financial results when the Rules/Schemes thereunder are notified. 11 The figures of the quarter ended 31 March 2021 are the balancing figures between audited figures in respect of the full financial year upto 31 March 2021 and the unaudited published year to date figures upto 31 December 2020 being the date of the end of the third quarter of the financial year. The consolidated results for the nine months ended 31 December 2020 have been subjected to the limited review by the statutory auditors. 12 The Board has approved interim dividend @150% i.e.Re.1.50 (Rupee one and fifty paise only) per equity share of Re.1 (Rupee One only) for the year 2021-22.