FDC : Buyback

B S R & Co. LLP

Chartered Accountants

14th Floor, Central B Wing and North C Wing,	Telephone: [phone]
Nesco IT Park 4, Nesco Center,	Fax:	[phone]
Western Express Highway, Goregaon (East),
Mumbai - 400 063, India

Limited Review Report on unaudited standalone financial results of FDC Limited for the quarter ended 31 December 2021 and year-to-date results for the period from 1 April 2021 to 31 December 2021 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

To the Board of Directors of FDC Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of FDC Limited ("the Company") for the quarter ended 31 December 2021 and year-to-date results for the period from 1 April 2021 to 31 December 2021 ("the Statement").
2. This Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Our responsibility is to issue a report 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 is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and 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 applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants

Firm's Registration No.:101248W/W-100022

VIKAS RADHEYSHYA M KASAT

Digitally signed by VIKAS RADHEYSHYAM KASAT Date: 2022.02.09 18:24:32 +05'30'

	Vikas R Kasat
	Partner
Mumbai	Membership No.: 105317
09 February 2022	UDIN:22105317AAXZNR9129

	Registered Office:
B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a	14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco
Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013	Center, Western Express Highway, Goregaon (East), Mumbai - 400063

FDC Limited

Statement of unaudited standalone financial results for the quarter and nine months ended December 31, 2021

							(Rs. in lakhs)
		Quarter	Quarter	Quarter	Year to date	Year to date	Year
Sr.	Particulars	Ended	Ended	Ended	Ended	Ended	Ended
No.	31.12.2021	30.09.2021	31.12.2020	31.12.2021	31.12.2020	31.03.2021
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1	Revenue from operations	34,111.15	39,628.49	33,226.86	118,235.84	101,389.54	132,544.91
2	Other income	1,312.19	3,057.58	3,522.64	6,713.22	8,196.50	9,714.59
3	Total income (1+2)	35,423.34	42,686.07	36,749.50	124,949.06	109,586.04	142,259.50
4	Expenses
	a) Cost of materials consumed	10,331.41	10,636.29	8,830.04	33,007.35	25,538.02	34,664.70
	b) Purchases of stock-in-trade	2,459.52	3,466.87	3,925.66	11,826.16	9,175.28	9,090.29
	c) Changes in inventories of finished goods, work in progress and	(1,185.16)	(520.07)	(1,933.62)	(4,999.29)	(3,856.69)	(2,549.95)
	stock-in-trade
	d) Employee benefits expense	8,108.84	8,751.40	7,920.77	26,083.42	22,138.54	29,431.29
	e) Finance costs	84.36	71.69	78.64	236.04	235.51	340.22
	f) Depreciation and amortisation expense	898.74	943.59	913.08	2,791.88	2,814.29	3,762.33
	g) Other expenses	10,051.20	10,079.70	7,590.66	29,354.38	20,387.78	29,475.59
	Total expenses	30,748.91	33,429.47	27,325.23	98,299.94	76,432.73	104,214.47
5	Profit before tax (3-4)	4,674.43	9,256.60	9,424.27	26,649.12	33,153.31	38,045.03
6	Tax expense
	a) Current tax	1,450.00	1,900.00	1,900.00	6,460.00	7,680.00	8,450.00
	b) Deferred tax	65.04	1.45	446.33	(336.34)	220.81	144.49
	c) Tax adjustments - eariler year	-	-	-	-	-	1.58
7	Net profit after tax (5-6)	3,159.39	7,355.15	7,077.94	20,525.46	25,252.50	29,448.96
8	Other comprehensive income
	(i) Items that will not be reclassified subsequently to profit or loss	80.18	265.50	298.58	577.15	341.42	702.42
	(ii) Income tax relating to items that will not be reclassified to profit or loss	(13.19)	(34.39)	(75.15)	(78.08)	(85.93)	(96.43)
	Total other comprehensive income (net of tax)	66.99	231.11	223.43	499.07	255.49	605.99
9	Total comprehensive income for the period (7+8)	3,226.38	7,586.26	7,301.37	21,024.53	25,507.99	30,054.95
10	Paid-up equity share capital (Face Value Re.1 each) (Refer note 4)	1,688.10	1,688.10	1,688.10	1,688.10	1,688.10	1,688.10
11	Other equity						170,528.43
12	Basic and diluted earnings per share (Rs.) (Face Value Re.1 each)	1.87	4.36	4.18	12.16	14.86	17.32
		Not annualised	Not annualised	Not annualised	Not annualised	Not annualised	Annualised

See accompanying notes to the unaudited standalone financial results

Notes:

1. The above unaudited standalone financial results which are published in accordance with Regulation
   33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') for the quarter and nine months ended December 31, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 09, 2022. The Statutory Auditors have carried out a limited review of the above results and have expressed an unmodified review opinion. The above standalone unaudited financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
2. Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principles of Ind AS notified under the Company's (Indian accounting standard) Rules, 2015 as amended from time to time.
3. The Board of directors, at its meeting held on February 09, 2022 have approved a proposal of the Company to buy-back its 29,00,000 fully paid-up equity shares at a price of Rs. 475 per equity shares from all the eligible equity shareholders of the Company on proportionate basis through the "Tender offer" route in accordance with SEBI (Buy-Back of securities) Regulation, 2018.
4. The Company had completed the buyback of 21,63,000 equity shares having face value of Re. 1 each at a price of Rs. 450/- per share on October 15, 2020. The number of equity shares post buyback stands reduced to 16,88,10,084 shares having face value of Re. 1 each. Accordingly, the paid-up share capital also stands reduced to Rs. 16,88,10,084.
5. The Company has only one segment of activity namely "Pharmaceuticals".
6. The above results are also available on the website of the Company i.e. www.fdcindia.com and on the website of the Stock Exchanges i.e. www.nseindia.comand www.bseindia.com.

VIKAS	Digitally signed by	For and on behalf of the Board
RADHEYSH	VIKAS RADHEYSHYAM
KASAT	MOHAN ANAND Digitally signed by MOHAN
YAM KASAT	Date: 2022.02.09
18:25:27 +05'30'	CHANDAVARKA	ANAND CHANDAVARKAR
		Date: 2022.02.09 18:15:31
		R	+05'30'
Place: Mumbai		Mohan A. Chandavarkar
Date: February 09, 2022	Managing Director
		(DIN: 00043344)