Cadila Healthcare Limited reported audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, on consolidated basis, the company reported net sales of INR 23,755 million compared to INR 22,472 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,031 million compared to INR 4,203 million a year ago. Profit from ordinary activities before tax was INR 5,180 million compared to INR 4,258 million a year ago. Net profit for the period was INR 3,921 million or INR 3.80 per basic and diluted share before and after extraordinary items not annualized compared to INR 3,551 million or INR 3.42 per basic and diluted share before and after extraordinary items not annualized a year ago.

For the year, on consolidated basis, the company reported net sales of INR 94,694 million compared to INR 84,971 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 20,807 million compared to INR 14,684 million a year ago. Profit from ordinary activities before tax was INR 21,237 million compared to INR 14,455 million a year ago. Net profit for the period was INR 15,526 million or INR 14.87 per basic and diluted share before and after extraordinary items not annualized compared to INR 11,861 million or INR 11.24 per basic and diluted share before and after extraordinary items not annualized a year ago. Net profit growth, excluding impact of one-off income, exceptional items and one-off impact of additional tax expense due to the change in initial investing policy on the supply of products to subsidiaries, was 38%.

For the quarter, on standalone basis, the company reported net sales of INR 13,479 million compared to INR 13,376 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,919 million compared to INR 4,074 million a year ago. Profit from ordinary activities before tax was INR 4,488 million compared to INR 4,085 million a year ago. Net profit for the period was INR 3,380 million or INR 3.30 per basic and diluted share before and after extraordinary items not annualized compared to INR 3,470 million or INR 3.39 per basic and diluted share before and after extraordinary items not annualized a year ago.

For the year, on standalone basis, the company reported net sales of INR 64,365 million compared to INR 46,861 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 23,218 million compared to INR 13,222 million a year ago. Profit from ordinary activities before tax was INR 24,335 million compared to INR 14,646 million a year ago. Net profit for the period was INR 19,773 million or INR 19.31 per basic and diluted share before and after extraordinary items not annualized compared to INR 12,711 million or INR 12.42 per basic and diluted share before and after extraordinary items not annualized a year ago.

The company expects overall tax rate to be around 20% in 2016 and 2017.