Zydus Wellness (531335) Q4 98/99 earnings summary

Executive summary

• FY99 sales reached Rs 1,45,16,535 versus Rs 4,85,083 in FY98, while the year ended with a loss before tax of Rs 45,36,571.

• Operations ran amid continuing competitive conditions; management expected improvement through greater market penetration.

Financial highlights

• Sales were Rs 1,45,16,535; total income was Rs 1,53,57,478, including interest income of Rs 1,69,400 and a stock increase of Rs 6,71,543.

• Total expenditure was Rs 1,98,94,049 and loss before tax was Rs 45,36,571; the financial abstract reports the same loss after tax.

• Raw material consumed was Rs 1,01,88,206; depreciation was Rs 49,25,999 and preliminary expenses written off were Rs 5,02,698.

Outlook and guidance

• Operations were expected to improve through greater market penetration.