Thank you dear shareholders for all your questions. Some of them have been to the point on artificial intelligence and several other trends in science that we are seeing. So along with Ashish, I will try and address most of your questions. For those that I cannot answer now, we will send you all a detailed answer by email. So, starting with the speakers, Mr. Bopanna, your questions were on capex for renewable energy, capex for new biology, areas of progress on science, investments in our science and technology, and palliative care, and you also had a question on the transdermal therapy. So capex for renewable energy, I think we have spent almost about 3% of our capex towards renewable energy in the last year and that totals to about something ar ound Rs.35 Crores to Rs.40 Crores of our total capex space. The capex for new biology, we are spending as you know on areas of peptide, on areas of biosimilars and our outlay last year for biosimilars and peptides and new areas of science was almost over 1% of our total revenue. Your question on total capex, Ashish will answer but roughly it was around Rs.1350 Crores and we hope to increase that in the year ahead. On palliation, yes, the palliation care centers have been expanded as part of our CSR. We had a transdermal patch that has not progressed further. In fact, that patch has not progressed for the past two years, so that program has been terminated. Those was with the partner in Japan, the rights for which we have now given back to the partner. Dinesh Bhatia, your question was about the total global business. If you subtract 10,400 from our 25,800 Crores or 25,400 Crores revenue, then the total amount will be global business. So, we have a revenue of around 15,000 Crores. You have asked for share split, all these demands, share split, dividend, etc. will be discussed in our report. After that a decision will be taken on this. Smita Shah and Bharat Shah you had asked us what products that we are going to launch. In India, we launch 55 to 60 products every year. In the US, we have 10 to 15 products in our pipeline. And in South Africa, we launch 20 to 25 products every year. All of these are evaluated and analyzed in a complete way. We do it from time to time and we launch these products. The areas where these products will be launched will be in diabetes, respiratory area which is the biggest for us and cardiovascular. Satish Shah ji, you had asked about budget impact and dividend policy Budget impact has been minimal for companies, but we will get the advantage of the government's increased healthcare spending across the sector. And when Ashish will answer on dividend policy, he will tell us where it is and how much our dividend policy is. Ramesh Gala ji, you asked about R&D employees and spending. We spend 6% on R&D and we try to keep it up to 7% -8%. In this, new areas we do 1% - 1.5%. We have around 1400 to 1500 employees in the company in R&D, in our entire centers, in India and ab road. Hari Ram Choudhury your question was on the CSR amount, Chairman and composition. The company spends slightly over 2% of its revenues on CSR. The chairman of the committee is Mr. Hamid and the composition Hamid is there, Mr. Adil Zainulbhai is there, Ms. Puneeta Lal is there and I am there. I think this is the composition of the CSR committee. The committee may have been reconstituted recently for which Mr. Rajendra can give you the details. You had asked about solar energy emphasis or rainwater harve sting. We have done several projects in solar energy. In fact, today our focus is to take the renewable energy to an amount which is over 50% of the total energy consumption of the company. I think in terms of kilowatt hours, this is about 64 megawatts of electricity is coming out of solar. Kirti Shah, your specific question was promoter holding why is it not used and valuation of patented products. So, this reduction of promoter holding I think last year it was 1.5 to 2% and the promoter have given the stated objectives that will be around the area of philanthropy and around the area of social impact and time to time it is 1.5%. This has happened this year and last year also but the main thing is there that there is no major disruption from this amount which the promoters are taking for the social efforts for the company. Valuation of patented products. We do the valuation every year. We have a policy of using NTVs for product valuations and we use that quite for product selection and valuation. Aspi and Vaisanya, your question was around the Q4 results a nd the seasonality. Q4 is a non -seasonal quarter for Cipla. Most of the season in India starts in Q1 and Q2 and therefore you will always observe that in Q4 there will be a fall in revenues versus Q3. Q3 is a very big quarter for the company due to the sea sonality of respiratory medicines as well as acute medications. That is the reason you see the difference between Q3 and Q4 revenues. You have asked about trade receivables. I will request Ashish to answer after I finish answering the rest of the questions . Santosh Kumar Saraf ji your suggestion you gave that the snapshot of the information that is received, this snapshot is in different places and it is not in place in our report. We have observed and we will update that and thank you for your suggestion. You asked other questions, you asked about solar and rainwater harvesting. I have told you about solar. In rainwater harvesting there are many projects. There are many projects through our foundation. I cannot tell you the exact number of projects but I will tell you after the meeting how many projects we have launched. Mr. Kaushik Shankar you have spoken about Parkinson’s and dystonia. We have taken those inputs. These are areas that the company is looking at within the area of well being and mental health . We are prioritizing movement disorders in which Parkinson's disease figures. Parkinson's, to certain extent autism, Alzheimer's, these are areas that we are focusing on. We have understood your suggestion for dystonia and we will look at it. You also spo ke about urinary conditions. We are launching a new patented product in the name of Plazomicin in India for urinary disorders and we have recently launched another product in collaboration with, which is also patented in coordination with Orchid Pharma. Bo th are in the area of urinary conditions. Lekha Shah, your question was on women employees and total employees. Total employees of the company are around 27,000 odd. I think the number of women employees, our endeavor is to close, to take that total number of women employees upwards of 10%. We want to take it sign ificantly higher and starting in the leadership path, we want to have at least 25% of employees as women employees over the next two to three years. Anil Mehta, your question was around the current budget impact. As I mentioned, we do not see too much of d irect impact, but the government spending on healthcare will definitely increase the amount of awareness as well as penetration of healthcare. You have asked for an update on the three to five years performance of the company. As we mentioned in the strategic plan slide, a lot of what we are trying to do is in the six areas of respiratory, wellness, mental health, antimicrobial resistance, diabetes and obesity and oncology. These are the areas of the company will continue to focus over the next three to fiv e years. Ms. Vasudha Vikas, your question was on attrition rate. Currently, I think in India, we are looking at roughly about a 16% - 17% attrition rate. The number keeps changing every month, but that is broadly where we are. If we combine our global locati ons, the attrition rate falls lower. Mr. Adil Irani, I think you have spoken about the counter foil and warrants for dividend. I think those would, Ashish will speak to you about those, but that suggestion has been taken. Mahesh Kumar Bubna you have told u s about a number of conditions. You had mentioned about infectious diseases. And you have warned us that we should pay attention to the number of infectious variants. You have talked about cardiac medicines, thyroid medicines, and all these things. All these things are in our pipeline. In the meantime, it takes 2 to 3 years to bring these products and medicines to the market. But we are trying to launch these medicines to the market as soon as possible. You have asked some questions on page 143 Ashish will tell you about that and electoral bond and electoral trust we have noted your points. Sanjog Sarath, your question was on capex plans. We do about Rs.1350 Crores last year. We are likely to take it up to about Rs.1500 Crores this year. Cost cutting, you ha ve spoken about. Ashish will brief you on a project we are running within the organization called Orbit. We are very active on Artificial Intelligence. We have several use cases that are running in the company, more in the manufacturing supply chain and quality side, where we are automating, digitizing and then using artificial intelligence to get better outcomes out of our operations. There are several Artificial Intelligence cases also being deployed in our India market as well as our South Africa market. With that, I believe I have covered all the questions that were addressed to me. Ashish will hand over to you to quickly cover some of the specific questions on financial metrics.
Questions across 1 call
Umang Vohra
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