MAKERS Makers Laboratories Ltd.

Regd. Office: 54-D, Kandivli IndL Estate, Kandivli (West), Mumbai - 400 067.
CIN: L24230MH1984PLC033389, website: www.makerslabs.com. e-mail: maker~akerslabs.com

THRU ONLINE FILING I E-MAIL

February 3, 2017
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai 400 023

Dear Sir,

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, we enclose herewith our Unaudited
rd
Financial Results along with limited review report of the Company's Auditors for the 3
quarter and nine months ended 31st December, 2016, which was taken on record at the
Meeting of the Board of Dire~tors of the Company held today at Kandivli, Mumbai.

Kindly note the meeting started at 11.30 a.m. and concluded at 12.25 p.m.

Thanking you

Yours faithfully
For Makers Laboratories Limited

TelNo. : 022 - 6111 2800 Fax: 022 - 6111 2835

Regal Printers I PLHOOI
 Makers Laboratories limited
Regd. Office: Plot 540, Kandivli Industrial Estate, Kandivli (W), Mumbai - 400 067
Tel: 022-61112800, Fax: 022-6111 2835, E-mail: investors@makerslabs.com
Website: www.makerslabs.com
CIN : L24230MH1984PLC033389

Unaudited Financial Results for the Quarter and Nine Months Ended 31.12.2016
(Rs. Lacs)
Particulars Quarter Ended Nine Months Ended Year Ended
31.12.2016 30.09.2016 31.12.2015 31.12.2016 31.12.2015 31.03.2016
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
1 Income from Operations
(a) Gross Sales I Income from Operations 1,326.45 1,839.21 1,323.40 4.454.25 4,796.74 6.247.78
(Inel excise duty)
(b) Other Operating Income 0.36 1.07 0.81 1.62 12.04 31.85
Total Income from Operations (gross) 1,326.81 1,840.28 1,324.21 4,455.87 4,808.78 6,279.63
2 Expenses
(a) Cost of Materials consumed 389.89 438.07 353.07 1.333.07 1,268.60 1,616.66
(b) Purchase of stock-in-trade 489.68 449.34 170.74 1,472.22 1,405.29 1,779.22
(c) Changes in inventories of finished goods. (102.73) 204.86 254.98 (232.21) 143.04 312.39
work-in-progress and stock-in-trade
(d) Excise duty on sales 24.14 30.16 24.69 74.68 112.27 138.63
(e) Employee benefits expense 150.62 177.65 166.92 501.44 516.64 770.88
(f) Depreciation and amortisation expense 26.78 27.09 31.64 78.35 93.74 125.01
(g) Other expenses 235.75 344.95 . 254.79 871.53 906.50 1,216.33
Total Expenses 1,214.13 1,672.12 1,256.83 4,099.08 4,446.08 5,959.12
3 Profit / (Loss) from operations before other 112.68 168.16 67.38 356.79 362.70 320.51
income, finance costs & exceptional items (1-2)

4 Other Income 12.08 9.63 17.85 32.65 42.61 61.84

5 Profit / (Loss) from ordinary activities before 124.76 177.79 85.23 389.44 405.31 382.35
finance costs & exceptional items (3+4)
6 Finance costs 6.96 6.94 8.08 20.75 25.23 32.01
7 Profit / (Loss) from ordinary activities after finance 117.80 170.85 77.15 368.69 380.08 350.34
cost but before exceptional items (5-6)
8 Exceptional Items - - 79.07 -
9 Profit / (Loss) from ordinary activities before tax 117.80 170.85 77.15 447.76 380.08 350.34
(7+8)
10 Tax expense 25.62 46.44 28.78 122.90 136.17 119.73
11 Net Profit / (Loss) from ordinary activities after tax 92.18 124.41 48.37 324.86 243.91 230.61
9-101
12 Extraordinary items (net of tax expense) . . - - -
13 Net Profit / (Loss) for the period (11-12) 92.18 124.41 48.37 324.86 243.91 230.61
14 Paid-up equity share capital 491.70 491.70 491.70 491.70 491.70 491.70
(Face value of RS.l0/- each)
15 Reserves excluding Revaluation Reserve as per - . . . 2,142.27
balance sheet of previous accounting year
16i Earnings Per Share (before extraordinary items)
(of Rs. 10/ each)
Basic & Diluted 1.87 2.53 0.98 6.61 4.96 4.69
Ii Earnings Per Share (after extraordinary items) (of
Rs. 10/ each)
Basic & Diluted 1.87 2.53 0.98 6.61 4.96 4.69

Notes 1. The above unaudited financial resuits as reviewed by the Audit Committee were approved and taken on record by the Board of Directors in their
meeting held on February 3, 2017.

2. The entire operations of the Company relate to only one segment viz. 'Pharmaceuticals'.

-
fi5.9-R~~
3. Previous year figures have been regrouped, wherever necessary.

By Order of the Board

Vr ""~ !'1akers Laboratories Limited
C/J( "\t"I

I ~{MUMBAI }~ J ~ MN\.P
Place: Mumbai
Date : February 3, 2017 ~"'''--a.~y
~ v~p-umimcrJain
W C Ie Ime Director
N 00937041
 34 - UPPER BASEMENT,
DHEERAJ HERITAGE, S. V. ROAD,
NEAR MILAN JUNCTION,
AGARWAL & MANGAL SANTACRUZ (WEST), MUMBAI- 400 054.
PHONE - 2.661 3228 / 2661 3250
CHARTERED ACCOUNTANTS
I 2661 4610/2661 4344
E-mail: bpmanga/@hotmail.com

LIMITED REVIEW REPORT

To,
The Board of Directors,
Makers Laboratories Limited,
54 - D, Kandivali Industrial Estate,
Kandivali (West),
Mumbai - 400067

We have reviewed the accompanying statement of unaudited financial results of MAKERS

LABORATORIES LIMITED for the period ended 31-12-2016. This statement is the
responsibility of the Company's Management and has been approved by the Board of
Directors. Our responsibility is to issue a report on these financial statements based on our
review.

We conducted our review in accordance with the "Standard on Review Engagement (SRE)
2400, Engagements to Review Financial Statements" 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 financial statements are free of material misstatement.
A review is limited primarily to inquiries of company personnel and analytical procedures
applied to financial data and thus provide less assurance than an audit. We have not
performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statement of unaudited financial results prepared in
accordance with applicable accounting standards and other recognized accounting practices
and policies has not disclosed the information required to be disclosed in terms of Regulation
33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 IS
including the manner in which it is to be disclosed, or that it contains any material
misstatement.

FOR AGARWAL & MANGAL

Chartered Accountants
rm Registration No.

(B. P. Manga
Partn.er
Membership No. 032973

PLACE: MUMBAI
DATE: