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FLASH</font></b></div> </td> </tr> <tr bgcolor="E9E9E9"> <td> <table width="90%" border="0" cellspacing="0" cellpadding="0" align="center"> <tr valign="top"> <td> <img src="../images/grayupper.gif" width="163" height="6"></td> </tr> <tr> <td> <table width="100%" border="0" cellspacing="0" cellpadding="0" align="center" class="mytablea"> <tr bgcolor="white"> <td valign="top" width="9%"> </td> <td valign="top" width="91%"> <br> <b><a href="news.htm" class="newflasha">Outlook for the year 2008</a></b></td> </tr> <tr bgcolor="white"> <td valign="top" width="9%"> </td> <td valign="top" width="91%"> <br> <b><a href="quarter25.htm" class="newflasha">Unaudited financial results for the quarter ended 30th June, 2006</a></b></td> </tr> </table> </td> </tr> <tr> <td> <img src="../images/graydown.gif" width="163" height="6"></td> </tr> </table> </td> </tr> <tr bgcolor="E9E9E9"> <td height="0"> &nbsp;</td> </tr> </table> </td> <td rowspan="3" width="2%" valign="top"> <img src="../images/orangeline.gif" width="2" height="1240"></td> <td width="77%" valign="top" height="10"> </td> </tr> <tr> <td width="77%" valign="top" height="143"> <table width="96%" border="0" cellspacing="0" cellpadding="0" align="center" class="mytable"> <tr> <td height="5"> </td> </tr> <tr> <td> &nbsp;</td> </tr> <tr> <td class="products" height="0" valign="top"> Financials</td> </tr> <tr valign="top"> <td height="40"> <table width="96%" border="0" cellspacing="0" cellpadding="0" align="center"> <tr> <td height="10"> </td> </tr> <tr valign="top"> <td height="30"> <div align="center"> <b><font face="Verdana, Arial, Helvetica, sans-serif" size="2" color="#000000">UNAUDITED FINANCIAL RESULTS Of IND-SWIFT LABORATORIES LIMITED FOR THE QUARTER ENDED 30TH JUNE, 2003 </font></b> </div> </td> </tr> <tr> <td> <div class="body"> <div align="right"> </div> </div> </td> </tr> <tr> <td> <div align="right"> <font class="body">(RS. IN LACS)</font></div> </td> </tr> <tr valign="top"> <td> <table width="99%" border="1" cellspacing="0" cellpadding="0" align="center"> <tr> <td bgcolor="#EFEFEF" width="43%"> <div align="center"> <font class="subheading2">PARTICULARS</font></div> </td> <td bgcolor="#EFEFEF" width="23%"> <div align="center"> <font class="subheading2">3 MONTHS 31.06.2002<br> UNAUDITED </font> </div> </td> <td height="50" bgcolor="#EFEFEF" width="17%"> <div align="center"> <font class="subheading2">3 MONTHS 31.06.2002 UNAUDITED</font></div> </td> <td height="50" bgcolor="#EFEFEF" width="17%"> <div align="center"> <font class="subheading2">12 MONTHS 31.3.2003 AUDITED </font> </div> </td> </tr> <tr> <td width="43%" valign="middle"> <font class="body2">&nbsp;Net Sales/Operational Income</font> </td> <td width="23%"> <div align="center"> <font class="body2">3819.10</font> </div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">2834.69 </font> </div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">14480.65</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;Others Income </font> </td> <td width="23%"> <div align="center"> <font class="body2">26.98</font></div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">9.86</font></div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">72.46</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2"><b>&nbsp;TOTAL EXPENDITURE : </b></font> </td> <td width="23%"> <div align="center"> <font class="body2"><b>3425.76</b></font></div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2"><b>2491.26</b></font></div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2"><b>12898.20</b></font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;<b>(a)</b> Increase/decrease in stock in trade </font> </td> <td width="23%"> <div align="center"> <font class="body2">33.10</font></div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">127.89 </font> </div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">-178.49</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;<b>(b)</b> Consumption of Raw Material </font> </td> <td width="23%"> <div align="center"> <font class="body2">22868.11 </font> </div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">2256.46 </font> </div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">10723.15</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;<b>(c)</b> Staff Cost </font> </td> <td width="23%"> <div align="center"> <font class="body2">51.76 </font> </div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">46.16 </font> </div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">200.86</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;<b>(d)</b> Other expenditure </font> </td> <td width="23%"> <div align="center"> <font class="body2">538.99 </font> </div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">316.53 </font> </div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">1795.70</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;Interest</font></td> <td width="23%"> <div align="center"> <font class="body2">188.55</font></div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">156.01 </font> </div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">675.85</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;Depreciation </font> </td> <td width="23%"> <div align="center"> <font class="body2">60.73 </font> </div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">55.04 </font> </div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">233.45</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;<b>Profit(+)/Loss(-) before tax</b></font></td> <td width="23%"> <div align="center"> <font class="body2"><b>171.04 </b></font> </div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2"><b>142.24</b> </font> </div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2"><b>745.61</b></font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;Provision for taxation </font> </td> <td width="23%"> <div align="center"> <font class="body2">11.44</font></div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">10.00 </font> </div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">60.10</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;<b>Provision for deferred tax</b> </font> </td> <td width="23%"> <div align="center"> <font class="body2">21.20 </font> </div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">35.00</font></div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2"><b>153.43</b></font></div> </td> </tr> <tr> <td width="43%"> <font class="body2"><b>&nbsp;NetProfit / Loss </b></font> </td> <td width="23%"> <div align="center"> <font class="body2">138.40 </font> </div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2"><b>97.24</b></font></div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">532.08</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;Paid up Equity Share Capital </font> </td> <td width="23%"> <div align="center"> <font class="body2">- </font> </div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">-</font></div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">1304.63</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;Reserves excluding revaluation reserves </font> </td> <td width="23%"> <div align="center"> <font class="body2">-</font></div> </td> <td width="17%" height="20"> <div align="center"> <font class="body2">-</font></div> </td> <td height="20" width="17%"> <div align="center"> <font class="body2">2551.66</font></div> </td> </tr> <tr> <td width="43%"> <font class="body2">&nbsp;EPS (Rs) : (Not Annulised)<br> &nbsp;&nbsp; -Basic<br> &nbsp;&nbsp; -Diluted </font> </td> <td width="23%"> <div align="center"> <font class="body2">1.06 <br> 1.06</font></div> </td> <td width="17%"> <div align="center"> <font class="body2">0.88 <br> 0.88</font></div> </td> <td width="17%"> <div align="center"> <font class="body2">4.78 <br> 4.78</font></div> </td> </tr> </table> </td> </tr> <tr> <td> <table width="99%" border="0" cellspacing="0" cellpadding="0" align="center"> <tr> <td height="35"> <div align="left"> <b><font face="Verdana, Arial, Helvetica, sans-serif" size="2">Notes:</font></b></div> </td> </tr> <tr valign="top"> <td class="body" height="35"> <font color="#FF9900"><b>a)</b></font> During the Quarter under review the turnover of the company has increased by 34.73% and net profit after tax has increased by 42.32% over the corresponding figures of previous year quarter. </td> </tr> <tr> <td height="35" class="body"> <b><font color="#FF9900">b)</font></b> The increase in Turnover and Profit Margin of the Company during the quarter is attributable to the 72% rise in Exports turnover. </td> </tr> <tr> <td height="35" class="body"> <b><font color="#FF9900">c)</font></b> Research and Development expenditure incurred during the quarter Rs.14.30 Million as compared to Rs.08.45 Million during the corresponding quarter previous year. </td> </tr> <tr> <td height="35" class="body"> <b><font color="#FF9900">d)</font></b> Higher interest cost is on account of the on-going expansion in manufacturing facilities and investments in Research & Development to meet the Regulatory standards.</td> </tr> <tr> <td height="35" class="body"> <b><font color="#FF9900">e)</font></b> Higher interest cost is on account of the on-going expansion in manufacturing facilities and investments in Research & Development to meet the Regulatory standards.</td> </tr> <tr> <td height="70" class="body"> <b><font color="#FF9900">f)</font></b> Investors complaints received and disposed off during the 1st Quarter ended 30th June, 2003:</td> </tr> <tr> <td height="0" class="body"> <table width="99%" border="0" cellspacing="0" cellpadding="0" align="center"> <tr> <td width="57%"> <div align="center" class="body"> <b>Complaints pending at the beginning of the Quarter</b></div> </td> <td width="43%" height="30"> <div align="center"> <font class="body"><b>= 6</b></font> </div> </td> </tr> <tr> <td width="57%" class="body"> <b>Complaints received during the quarter </b> </td> <td width="43%" height="30"> <div align="center"> <font class="body"><b>= 24</b></font> </div> </td> </tr> <tr> <td width="57%" class="body"> <b>Complaints resolved during the quarter </b> </td> <td width="43%" height="30"> <div align="center"> <font class="body"><b>= 27 </b></font> </div> </td> </tr> <tr> <td width="57%" class="body"> <b>Complaints pending at the end of the quarter </b> </td> <td width="43%" height="30"> <div align="center"> <font class="body"><b>= 3</b></font></div> </td> </tr> <tr> <td colspan="2" height="30" class="body"> <font color="#FF9900"><b>g)</b> </font>The previous period figures have been regrouped and rearranged wherever necessary. </td> </tr> <tr> <td colspan="2" height="30" class="body"> <font color="#FF9900"><b>h)</b></font>&nbsp;The management information system of the Company Identifies and monitors  Pharmaceuticals as the business segment. </td> </tr> <tr> <td colspan="2" height="30" class="body"> <font color="#FF9900"><b>i)</b></font> The above unaudited results were taken on record by the Board of Directors in its meeting held on 31st July, 2003 </td> </tr> </table> </td> </tr> </table> </td> </tr> <tr> <td> <div align="right"> &nbsp;<font class="products">For Ind-Swift Laboratories Limited</font></div> </td> </tr> <tr> <td> <div align="right"> <table width="99%" border="0" cellspacing="0" cellpadding="0" align="center"> <tr> <td colspan="3"> </td> <td rowspan="7" width="3%"> &nbsp;</td> <td width="34%"> &nbsp;</td> </tr> <tr> <td width="3%"> &nbsp;</td> <td width="33%"> &nbsp;</td> <td width="27%"> &nbsp;</td> <td width="34%"> &nbsp;</td> </tr> <tr> <td width="3%"> &nbsp;</td> <td width="33%"> &nbsp;</td> <td width="27%" height="35" valign="top"> <div align="center"> <font class="subheading3">Sd/-</font></div> </td> <td width="34%" valign="top"> <div align="center"> <font class="subheading3">Sd/-</font></div> </td> </tr> <tr> <td width="3%"> &nbsp;</td> <td width="33%"> <div align="center"> <font class="subheading3">Place:Chandigarh</font></div> </td> <td width="27%"> <div align="center"> <font class="subheading3">(N.R.MUNJAL)</font></div> </td> <td width="34%"> <div align="center"> <font class="subheading3">(V.K.MEHTA)</font></div> </td> </tr> <tr> <td width="3%"> &nbsp;</td> <td width="33%"> <div align="center"> </div> </td> <td width="27%"> &nbsp;</td> <td width="34%"> &nbsp;</td> </tr> <tr> <td width="3%"> &nbsp;</td> <td width="33%"> <div align="center"> <font class="subheading3">Date:30.07.2002</font></div> </td> <td width="27%"> <div align="center">