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Abbott India Ltd. Interim / Quarterly Report 2021

Aug 6, 2021

61121_rns_2021-08-06_58f0c885-c2ea-4ed6-a3b2-b52c8c3d2199.pdf

Interim / Quarterly Report

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Abbott India Limited Registered Office: Tel: (91-22) 5046 1000/2000 Godrej BKC, Plot C-68,”G”Block, 3, Corporate Park, Fax : (91-22) 5016 9400 15-16th Floor, Bandra-Kurla Complex, Sion Trombay Road, E-mail : [email protected] Near MCA Club, Bandra (E), Mumbai - 400 071.India Website : www.abbott.co.in Mumbai - 400 051. India CIN: L24239MH1944PLC007330

BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001

August 6, 2021

Scrip Code: 500488

Dear Sir/Madam,

Sub: Intimation under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose a text of Unaudited Financial Results of the Company for the first quarter ended on June 30, 2021, approved by the Board of Directors at its Meeting held on Friday, August 6, 2021 along with the Limited Review Report issued by S R B C & CO. LLP, Statutory Auditors of the Company.

The Meeting of the Board of Directors of the Company commenced at 10.45 am and concluded at 11.45 am.

Kindly acknowledge the receipt of the same.

Thank you.

Yours faithfully,

Abbott India Limited

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Krupa Anandpara Company Secretary Membership No.: ACS 16536

Encl: a/a

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Abbott India Limited Registered Office: Tel: (91-22) 5046 1000/2000 Godrej BKC, Plot C-68,”G”Block, 3, Corporate Park, Fax : (91-22) 5016 9400 15-16th Floor, Bandra-Kurla Complex, Sion Trombay Road, E-mail : [email protected] Near MCA Club, Bandra (E), Mumbai - 400 071.India Website : www.abbott.co.in Mumbai - 400 051. India CIN: L24239MH1944PLC007330

STATEMENT OF UNAUDITED RESULTS FOR THE QUARTER ENDED JUNE 30, 2021

(Rs. in Crores except earnings per share)

Particulars
1
Income
(a) Revenue from operations
(b) Other income
Total Income
2
Expenses
(a) Cost of materials consumed
(b) Purchases of stock-in-trade
(c) Changes in inventories of finished goods, stock-in-
trade and work-in-progress
(d) Employee benefits expense
(e) Finance costs
(f) Depreciation and amortisation expense
(g) Other expenses
Total Expenses
3
Profit before tax (1-2)
4
Tax expenses
(a) Current tax expense
(b) Tax adjustment for earlier years
(c) Deferred tax expense/(credit)
Total Tax Expenses
5
Profit for the period (3-4)
6
Other Comprehensive Income
Items that will not be reclassified subsequently to
Profit or Loss
Income tax on above
Total Other Comprehensive Income, net of tax
7
Total Comprehensive Income for the period, net of
tax (5+6)
8
Paid-up Equity Share Capital
(Face Value of Rs.10 per Equity Share)
9
Other Equity
10 Earnings per equity share - Basic/Diluted
(of Rs.10/- each) (not annualised) (5/8)
Year ended
June 30,
March 31,
June 30,
March 31,
2021
2021
2020
2021
Unaudited
Audited
Unaudited
Audited
Refer Note 4
1,217.83
1,095.54
1,064.27
4,310.02
19.21
16.20
27.63
80.90
1,237.04
1,111.74
1,091.90
4,390.92
120.50
106.56
125.73
454.32
524.36
541.52
541.50
2,040.60
34.53
(41.92)
(57.19)
(104.00)
145.47
121.24
128.48
492.65
5.04
4.74
4.45
18.28
15.73
15.11
14.10
58.13
127.82
162.61
92.33
504.99
973.45
909.86
849.40
3,464.97
263.59
201.88
242.50
925.95
70.61
52.05
63.60
242.76
-
(3.71)
-
(3.71)
(2.78)
1.07
(1.45)
(3.79)
67.83
49.41
62.15
235.26
195.76
152.47
180.35
690.69

0.42
9.64
(1.35)
1.67
(0.10)
(2.43)
0.34
(0.42)
0.32
7.21
(1.01)
1.25

196.08
159.68
179.34
691.94
21.25
21.25
21.25
21.25
-
-
-
2,580.91
92.12
71.75
84.87
325.04
Quarter ended

NOTES :

  • 1 The above financial results have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their meetings held on August 6, 2021.

  • 2 The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as amended prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated July 5, 2016.

  • 3 The financial results for quarter ended June 30, 2021 have been subjected to limited review by the statutory auditors of the Company. The Limited Review Report does not contain any qualifications.

  • 4 The figures for the quarter ended March 31, 2021 as reported in these financial results are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the relevant financial year which were only reviewed and not subjected to audit.

  • 5 The Company has only one segment which is 'Pharmaceuticals'. Therefore, disclosure relating to segments is not applicable and accordingly not made.

  • 6 Figures for the previous periods have been regrouped/reclassified wherever considered necessary.

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For and on behalf of the Board of Directors of
Abbott India Limited
SIGN
ANIL JOSEPH
Place : Mumbai Managing Director
Date : August 6, 2021 DIN : 08753233
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12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000

Chartered Accountants

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Independent Auditor’s Review Report on the Quarterly Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Abbott India Limited

  1. We have reviewed the accompanying statement of unaudited financial results of Abbott India Limited (the “Company”) for the quarter ended June 30, 2021 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

  2. This Statement, which is the responsibility of the Company’s Management and approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

  3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

  4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS’) specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S R B C & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003

SIGN

per Dolphy D’Souza Partner Membership No. : 038730 UDIN: 21038730AAAABG5292 Place: Mumbai Date: August 6, 2021

S R B C & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd. Office : 22, Camac Street, Block ‘B’, 3rd Floor, Kolkata-700 016