ARVIND REMEDIES LIMITED
			UNAUDITED FINANCIAL RESULTS
			FOR THE THREE MONTHS AND HALF YEAR ENDED SEPTEMBER 30, 2007
								(Rupees in Lakhs.)
			Particulars	Three months ended 30.09.2007	Three months ended 30.09.2006	Corresponding six months ended 30.09.2007	Corresponding six months ended 30.09.2006	Year ended 31.3.2007
				Unaudited	Unaudited	Unaudited	Unaudited	Audited
			Gross Sales	4963.45	4196.73	9,559.25	8,588.68	17,972.93
			Less: Excise Duty	(622.88)	(618.19)	(1,171.46)	(1,092.27)	(2,314.43)
			Net Sales	4,340.57	3,578.54	8,387.79	7,496.41	15,658.50
			Other Income	6.33	8.69	8.91	11.47	21.58
			Total Income	4,346.90	3,587.23	8,396.70	7,507.88	15,680.08
			Expenditure :
			a)  (Increase) / Decrease in Stock	168.86	(52.51)	(86.76)	100.88	(300.68)
			b)  Consumption of raw materials	3646.06	3,173.70	7,203.17	6,264.53	13,563.16
			c)  Purchase of traded goods	-	-	30.80	30.90	84.47
			d)  Employee Cost	101.58	81.48	194.10	159.74	340.42
			e)  Depreciation	44.35	41.74	87.99	82.95	170.12
			f)  Other expenditure	118.87	119.33	249.41	231.89	618.13
			Total (a) to (f)	4,079.72	3,363.74	7,678.71	6,870.89	14,475.62
			Interest	164.75	133.28	328.12	267.53	655.18
			Exceptional Items	-	-	-	-	-
			Profit from ordinary activities before tax	102.43	90.21	389.87	369.46	549.28
			Provision for Taxation
			Income Tax (Including Fringe Benefit Tax)	13.27	20.00	40.00	40.00	85.86
			Earlier years	-	0.12	-	0.12	(31.48)
			Deferred Tax	(10.76)	(11.08)	(23.48)	(21.11)	56.13
			Wealth Tax	-	-			0.29
			Profit from ordinary activities after tax	99.92	81.17	373.35	350.45	438.48
			Extraordinary Items (net of tax expense)	-	-	-	-	-
			Net profit for the period	99.92	81.17	373.35	350.45	438.48
			Paid-up Equity Share Capital	2600.50	2600.50	2600.50	2600.50	2600.50
			(face value Re. 1/- per Share)
			Reserves excluding Revaluation Reserve	-	-	-	-	1,521.31
			Basic and Diluted Earnings Per Share before and after extraordinary items (Rs.)	0.04	0.03	0.14	0.13	0.17
			Public Shareholding
			Number of shares	194205340	194205340	194205340	194205340	194205340
			Percentage of Shareholding	74.68%	74.68%	74.68%	74.68%	74.68%
			Notes :
			1. The Company operates only in one business segment namely  formulations.
			2. Previous period's figures have been regrouped / rearranged  wherever necessary to confirm to the current periods classification.
			3. The revised Accounting Standard 15 "Employee Benefits" issued by the Institute of Chartered Accountants of India has become applicable to the Company with effect
			from April 1, 2007.  The impact of such revision, which is not likely to be material, will be considered at the year end.
			4. Provision for taxation for the six months ended September 30, 2007 has been made on an estimate basis.  The actual tax liability will be determined on the basis of
			the taxable income of the Company for the year from April 1, 2007 to March 31, 2008.
			5. The above results were reviewed by the audit committee and taken on record at the meeting of the Board of Directors held on November 30, 2007.
			6. During the quarter nil investor complaints were received and disposed off.  There were no investor complaints pending for the redressal as at the
			the commencement and end of the quarter.
			7. The above results  have been subjected to a Limited Review by the statutory auditors as per the listing agreement with the stock exchanges.
			Chennai - 600 084				For ARVIND REMEDIES LTD.
			Date: November 30, 2007
							Dr. Chandra Ravindran
							Director