(@suntoc
SHL/SEC/
14.02.2017
To,
‘The Manager,
Bombay Stock Exchange Ltd.
Dept. of Corporate Service
P J Towers, Dalal Street,
Mumbai-400001
Scrip Code;-537253 (BSE)
and Nine Month FY 2017 Investor Release
Dear Sir,
With reference to the above cited subject, please find enclosed the Quarter -3 and Nine Month FY
2017 Investor Release Investor Release.
This is your information and record please.
Thanking you.
Your Faithfully
For SUNIL HEALTHCARE LIMITED
nade ea,
AGM Legal cum Company Secretary
CC. Calcutta Stock Exchange Ltd.
7, Lyons Range
Kolkata- 700 001
‘Sunil Healthcare Limited
Vijay Tower, 386/252 ~ 8, Shahpur Jat, Panchsheel Park Commercial New Dethi-130049
‘T +91 11.49435555/00 Fi +91 11 43850087 e-mall info@sunihealtheare.com Web.’ wwwn.sunie
(CIN Nos 24302011973°.c189662,@sunvoc
Sunil eolthcre = 9MFY17 INVESTOR RELEASE
9MFY17: Revenue Growth at 25.38% YoY;
9MFY17: PAT Growth at 23.20 % YoY
February 13", 2017, New Delhi: Sunil Healthcare Ltd, a leading manufacturer of Empty Hard Gelatin
Capsules, has announced its Standalone Un-audited Financial Results for the Quarter & Nine Months
ended 31* December 2016.
‘Key Financial Highlights:
Rs In Millions ‘asrva7 | asrris | YoV% | oweva7 | omevie | Yor%
Net Revenue 2173 | 25087 | 124% | 73557 | sera | 25.30%
EBITDA asos | 4329 | arm | 13597 | 11756 | 15.66%
EBITDA Margin 16.35% | 17.28% | (93)6ps_| 18.46% | 20.01% | (255)bes
Profit Before Tax zaso | eo | 147mm | 7355 | 6197 | 18.69%
PAT 1663 | 14a2 | 129% | 49.26 | 3997 | 23.20%
PAT Margin sa0% | 592% | (ajops | 6.68% | 680% | (a2)bpe
‘Cash PAT zso_| 2452 | 13356 | ess | 6593 | 22.00%
‘ash PAT Margin 987% | 978% | sbps | 108% | 1139% | _(ao)bps
£5 (Rs) 162 sas | anzex |. 480 390 | 2308%
‘9MEY17 - Performance Highlights:
‘Commenting on the results, Mr. D. Gnanasekaran (CEQ) said, “We are pleased to report strong
operating numbers in the backdrop of extremely challenging market conditions which have adversely
impacted our Realizations per unit. Despite facing headwinds on various facets, our Revenue in
‘9MFY27 has grown by 25.38% YoY while for Q3 the growth was 12.43% YoY. Our 9MFY17 PAT has
{grown by 23.20% YoY while for Q3 growth was 12.19% on YoY.”
A brief summary of our Capsule business performance is as under:
Fs. In Millions aari7_|_asrris_|_YOY* | omevay | ammvae | Yov%
| Net Revenue 20534 | 20788 | 120% | 62179 | sensi | s4aa%
[eema 46.00 ass2_| a96% | 13828 | 11981 | 15.42%
EBITDA Margin 22.40% | 21.08% | 132s | 22.24% | 21.99% | 2sbps
Profit Before Tax | 24.82 zz | 169% | 75.86 a2 | sa34%
PAT 16.58 asia | 9.23% 50.78 aia7_| 22.46%
PAT Margin som | 730% | 779s | s17% | 7.61% | s6bps
Cash PAT 2775 zas7_ | 157% | 93.23 e8.4¢ | 21.61%
Cash PAT Margin aasix | 11.96% | assbps_| 13.39% | 12.56% | a3bps
Our Capsules sales volume has grown by 31 % in the 9 month period for ths fiscal. This volume growth
hhas been possible through continued focus on market diversifications across geographies coupled with@sunvoc
sustained efforts to increase product share with existing customers. Our focus on product mix
‘optimization is helping us gaining market share in these tough environments.
Volume growth coupled with a focussed approach on cost optimization has led to Operational
Efficiencies being realized which have led to a healthy growth in operating margins on a YoY basis. Our
ppefformance in the current Fiscal despite challenging market conditions has contributed to a growth
‘of 15.42% YoY in our EBIDTA for 9MFY17, and a growth of 4.96% YoY basis for O3FY17.
In.Q3, we witnessed a steep increase in Power costs in Rajasthan and the same has been partly offset
part by rationalising our power consumptions..
Insite of multiple challenges, our SMFY17 PAT from the Capsule business grew by 22.4636 YoY while
for Q3F¥17 growth was 9.23% Yor. :
‘The past few months have been challenging for the Capsule industry both on the Domestic and Global
fronts. Currency Volatility in the Emerging Economies have resulted in lower export Sales, leading to
surplus capacities being channelized into the domestic market creating pricing pressures.
Given this backdrop, our performance has been noteworthy. Our diverse product basket, decade old
relationships with pharmaceutical majors and a focussed approach on execution have allowed us to
‘augment our position in our Industry. Our reach in multiple geographies in the Developed and
Emerging markets have also provided a hedge in these challenging times.
We expect this phase to continue for the next few quarters. We will continue to work towards
‘optimizing our performance in the given circumstances. Once the Industry reaches normalcy, we are
confident of improving our performance further given our economies of scale and other operating
leverages. We remain optimistic and focussed on being at the front end of this Industry which rem:
our core focus area for growth.
Inline with the above, we are pleased to inform that we have set up our subsidiary in Mexico with the
aim of developing and establishing our presence in that market through our own front end.
(On our performance in the Foods Division, we are pleased to report that our sustained efforts to
develop a robust supply chain has enabled us to report a healthy growth in this vertical. We remain
‘optimistic on the growth prospects of this business.
‘About Sunil Ltd
Sunil Healthcare Ltd, is the second largest manufacturer of Empty Hard Gelatin Capsules in India. A
Gol recognized Star Export House, ~40% of revenues are from exports. With four decades of
‘experience, and a strong brand equity “Sunloc’, the company is a preferred vendor for large
pharmaceutical companies.
‘The company was the pioneer of Double lock and Triple lock technology in India. With a strong focus
‘on R&D, the company is constantly innovating its product line to cater to the industry requirements.
For more information, please visit the company website www.sunilhealthcare.com@sunvoc
‘Safe harbor statement
Statementsin this document relating to future status, events or circumstances, including but not limited to statements
about plons and objectives, the progress and results of research and development, potential project characteristic,
project potential ond torget dotes fr project related issues ore forwordrlooking statements based on estimates ond
the anticipated effects of future events on current and developing circumstances. Such statements are subject to
rumerous risks ond uncertointes and ore not necessriy predictive of future results. Actuol results may difer
‘materially from those anticipated inthe forward-looking statements. The company assumes no obligation to update
Jorwardlooking statements to reflect actual results changed assumptions or other factors
For Fi
‘company: Investor Relations Advisors:
Sunil Healthcare ta, ‘Strategic Growth Advisors Pvt td.
cin cesosoyleysaeliseas CIN - U74140MH2010°TC204285
Mr. Pawan Rathi, os ‘Mr. Shogun Jain / Ms. Payal Dave
Chiet Financial OF +991 7738377756 / +91 9819916314
cfo@sunithealtheare,camt shogunJjain@szaplnet / pavaldave@sgapLnet
vow, sunilhealthcare.com www seaplnet