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Our process research is focused on non-infringing processes for patenting and regulated market entry. We engage in pharmaceutical research, covering antibiotics and nonantibiotics, with specific departments for domestic 3 pharmacy order tramadol markets, emerging generic markets and regulated generic markets, as well as a specialised veterinary product development programmes.

Our novel drug delivery systems research focuses on the development of novel methods for drug delivery, whereas our new drug discovery research focuses on development of new molecular entities and conducts pre-clinical and analytical testing of these molecules. Our biotechnology research focuses on molecular biology and bio-chemical engineering. Our long-term strategy for drug discovery is to validate compounds through pre-clinical testing and Phase I human clinical and proof-of- concept studies. Our new drug discovery research is focused on the therapeutic areas of anti-diabetes, anti-inflammatory, anti-infectives, oncology and clotting phentermine roll viagra xanax disorders. Analysis of the financial statements We recorded a robust performance in 2010-11, achieving a 33% increase in revenue with a profit of Rs 159.48 crore. This performance was largely due to our Company's strategic shift towards contractual arrangements with large global players. Profit and Loss Account The Company transferred its generic injectable formulations business to Hospira in March 2010, hence the revenue/expenses for 2010-11 are not comparable with the previous year's figures. Revenue Revenue increased from Rs 1,249.83 crore in all about tramadol 2009-10 to Rs 1,663.34 crore in phentermine roll viagra xanax 2010-11. This robust performance was largely driven by: •Supply of Penicillin and Carbapenem APIs to Hospira •Contractual supply arrangements with other large global pharmaceutical majors in Europe and Japan •Contribution from Karalex Pharma, a front-end marketing organisation in the US Cost management Total operational cost declined 13.54% from Rs 1,422.55 crore in 2009-10 to Rs 1,252.92 crore in 2010-11. Power and fuel expenses increased to Rs 72.53 crore in 2010-11 compared to Rs 66.43 crore in 2009-10, owing phentermine roll viagra xanax to an increase in production volumes and fuel costs.

Material costs increased from Rs 775.26 crore in 2009-10 to Rs 787.95 crore in 2010-11, owing to higher production volumes in niche product segments like Penicillin and Carbapenem. Employee costs declined from Rs 159.29 crore in 2009-10 to Rs 141.38 crore in 2010-11, mainly due to the transfer of 450 team members to Hospira, following the business transfer agreement. Other expenditure including R&D expenses declined from Rs 421.56 crore in 2009-10 to Rs 251.05 crore in 2010-11, mainly on account of a reduction in consulting and professional fees, R&D expenses and a favourable exchange rate for most part of the year and a gain on the restatement of FCCBs (Foreign Currency Convertible Bonds). EBIDTA stood at Rs 418 crore, owing to an increase in business volumes and cost reduction. Interest and finance charges declined from Rs 241.23 crore in 2009-10 to Rs 115.76 crore hydrocodone metabolizes in 2010-11, due to the repayment/ prepayment of loans, following the transfer of our generic injectable formulations business. Depreciation and amortisation expenses declined from Rs151.1 crore in 2009-10 to Rs 128.45 crore in 2010-11, owing to the reduction in asset base, due to the transfer of phentermine roll viagra xanax our generic injectable formulations business to Hospira. After providing tax of Rs 14.32 crore, PAT stood at Rs 159.48 crore in 2010-11. Balance Sheet The capital employed in the business increased about 11% from Rs 2,812.94 crore as on March 31, 2010 to Rs 3,173.76 crore as on March 31 2011, largely due to line balancing in the current and future product lines owing to increased demand.



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