STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER 2017

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1 Cipla Limited Regd. Office: Clplo House, Peninsula Business Pork. Gonpahoo Kodom Marg, Lower Parel. Mumbai Phone : (9122] Fax : (9122] Website : WIVW.cipla.com Corporate Identity Number : L24239MH 1935PLC Cipla STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER Income from operations Particulars ~in crore) Quarter ended Nine Months ended Year ended a ) Net sales/income from operations (Refer note 2] 2, , , , , , b) Other operating income Total income from operations 2, , , , , , Other income Total Income (1+2) 3, , , , , , Expenses a) Cost of materials consumed , , , b) Purchases of stock-in-trade , c] Changes in inventories of finished goods, work-in-progress and stock-in-trade (112.07) {23.81) {35.69] {176.58) d) Employee benefits expense , , , e) Finance costs f) Depreciation, impairment and amortisation expense g) Other expenses , , , h) Impairment of investment Total expenses 2, , , , , , Profit (+)/loss (-) before tax (3-4) , , , Tax expense (net) a) Current tax b) Deferred tax (40.30) (66.03) {99.06) Total tax expense Net profit (+)/loss(-) after tax (5-6) , Other comprehensive lncome/(loss) for the period (a) (i) Items that will not be reclassified to statement of profit and loss (ii) Income tax on Items that will not be reclassified to statement of profit and loss (b) (i) Items that will be reclassified to statement of profit and loss {0.41) (2.89) (1.20) 0.14 (1.33) (0.37) (3.67) (ii) Income tax on items that will be reclassified to statement of profit and loss Other comprehensive lncome/(loss) for the period (0.27) (2.65) {0.70) - (3.35) - 9. Total Comprehensive income /(loss) for the period (7+8) , Paid-up equity share capital (face value f!2/- each) Other equity , Earnings per share (face value ~2/- each) a) Basic(~) *5.20 *7.03 * * b) Diluted (~) *5.19 *7.02 *4.24 *15.43 * *Not Annualised l/3

2 Cipla Notes: 1. The result have been prepared in accordance with Indian Accounting Standards ('lnd AS') prescribed under section 133 of the Companies Act, 2013 read with relevant rules thereunder and In terms of Regulation 33 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular dated s'h July The Government of India introduced the Goods and Service Tax (GST) with effect from 1" July 2017 which subsumes excise duty and various other indirect taxes. As required under lnd AS 18, revenue for the quarter ended 31'' December 2017 and 30th September 2017 are reported net of GST. Sales of periods up to quarter ending 30th June 2017 are reported inclusive of excise duty. The revenue for nine months ended 31' 1 December 2017 includes excise duty up to 30 1 h June Accordingly, income from operations for the quarter and nine months ended 31' 1 December 2017 are not comparable with corresponding previous periods. 3. The Company had received notices of demand from the National Pharmaceutical Pricing Authority (NPPA), Government of India, on account of alleged overcharging in respect of certain drugs under the Drugs (Prices Control) Order, 1995 ("DPCO, 1995"). These notices have been subject to challenge by the Company on the question of fixation of retail prices without adhering to the formula/process laid down in DPCO, 1995 and also if some of the specified drugs be subjected to price control, based on the parameters contained In the Drug Policy, The Company challenged these notices in the Hon'ble Bombay High Court on the ground that bulk drugs contained in the said formulations are not amenable to price control, based on the parameters contained in the Drug Policy, 1994 on which the DPCO, 1995 Is based and in the Hon'ble Allahabad High Court on process followed for fixation of pricing norms. These Petitions were decided in favour of the Company and the matters were carried in Appeal by the Government to the Hon'ble Supreme Court of India. The Hon'ble Supreme Court of India in August 2003 remanded the question of inclusion of certain drugs under price control to the Hon'ble Bombay High Court, after interpreting some of the criteria laid down in the Drug policy for inclusion/exclusion of drugs under price control. In February 2013, the Hon'ble Supreme Court of India transferred the Hon'ble Bombay High Court Petitions, also before itself for a final hearing on both the matters. These Petitions were thereafter transferred back to Hon'ble Bombay High Court vide Order dated 20th July 2016, along with directions that 50% of the demands raised as mentioned in its earlier Order dated August 2003 be deposited by the Petitioners in the Bombay Petitions, within six (6) weeks. Accordingly, the Company deposited a sum of ~ Crore on 22nd August The Hon'ble Supreme Court of India vide its Order and Judgment dated 21' 1 October 2016, allowed the Appeals filed by the Government against the Judgment and Order of the Hon' ble Allahabad High Court regarding fixation of retail prices. Further, the said order was specific to fixation of retail prices without adhering to the formula/process laid down in DPCO, The grounds relating to inclusion of certain drugs within the span of price control continues to be sub-judice with the Hon'ble Bombay High Court. The Company has been legally advised that it has a substantially strong case on the merits of the matter, especially under the guidelines/principles of interpretation of the Drug Policy enunciated by the Hon'ble Supreme Court of India. Although, the recent decision of Hon'ble Supreme Court dated 21" October 2016 referred above was in favour of the Government, basis the facts and legal advice on the matter sub-judice with the Hon'ble Bombay High Court, no provision is considered necessary in respect of the notices of demand received till date aggregating to ~1, crore. It may be noted that NPPA in its public disclosure has stated the total demand amount against the Company to be ~2, crore, however, the Company has not received any further notices beyond an aggregate amount of ~1, crore. 4. The paid-up equity share capital stands increased to ~ crore (804,944,690 equity shares of ~ 2 each) upon allotment of 2,51,869 equity shares of~ 2 each pursuant to "ESOS 2013-A" during the quarter ended 31' 1 December /3

3 Cipla 5. The figures of the previous year/period have been regrouped/recast to render them comparable with the figures of the current period. 6. The above results have been subjected to limited Review by the Statutory Auditors, who Issued an unmodified review report, reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7'h February By order of the Board For CIPLA LIMITED Mumbal 7'h February 2018 Managing Director and GlobCll Chief Executive Of/leer 3/3

4 Cipla Limited Regd. Office: Cipla House, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel. Mumbai Phone: (9122) Fax: (9122) Website : Corporate Identity Number: L24239MH1935PLC Cipla STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 5 r DECEMBER 2017 (Ill in crore) Quarter ended Nine Months ended Year ended Particulars Income from operations a ) Net sales/income from operations (Refer note 2) 3, , , , , , b) Other operating income Total income from operations 3, , , , , , Other income Total income (1+2) 3, , , , , , Expenses a) Cost of materials consumed 1, , , , , , b) Purchases of stock-in-trade c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (139.08) (189.87) d) Employee benefits expense , , , e) Finance costs f) Depreciation, impairment and amortisation expense , , g) Other expenses 1, , , , , , Total expenses 3, , , , , , Profit (+)/loss(-) before tax (3-4) , , , Tax expense (net) a) Current tax b) Deferred tax (247.39) (43.75) (26.51) (280.99) (74.48) (299.72) Total tax expense (64.23) Net profit (+)/loss(-) after tax before share of associates( 5-6) , , , Share of profit(+)/ loss (-)of associates (0.87) (1.11) (0.88) (2.84) (5.06) (6.99) 9. Net profit(+)/ loss(-) for the period (7+8) , , , Profit for the period attributable to a) Shareholders of the company , , , b) Non- controlling interest Other comprehensive income/( loss) for the period/ year a) (i) Items that will not be reclassified to statement of profit and loss (1.69) (ii) Income tax on items that will not be reclassified to statement of profit and loss b) (i) Items that will be reclassified to statement of profit and loss (ii) Income tax on items that will be reclassified to statement of profit and loss Other comprehensive income/( loss) for the period/ year 12. Total comprehensive income /(loss) for the period/ year (9+11) (3.12) (1.37) 0.25 (1.86) (1.09) (3.96) (36.02) (5.86) (0.90) - (4.63) (34.33) , , , , Total comprehensive income attributable to a) Shareholders of the company , , , b) Non- controlling interest (4.58) (6.90) 14. Paid-up equity share capital (face value "1';.2/- each) Other equity , Earnings per share (face value "1';.2/- each) a) Basic ("1';,) *5.25 * * b) Diluted ("1';,) * * *Not Annualised 1/3

5 Segment Information (if' In crore) Quarter ended Nine Months ended Year Ended Particulars Segment wise revenue and results Segment revenues: (refer note 2) a) Pharmaceuticals 3, , , , , , b) New ventures Total 3, , , , , , Less : Inter segment revenue Total income from operations 3, , , , , , Segment results: Profit/( loss) before tax and interest from each segment a) Pharmaceuticals , , , b) New ventures (16.43) (19.14) (59.78) (25.30) {120.92) Total , , , Less: Finance costs S Total Profit before tax , , , Segment Assets and Liabilities As some of the assets and liabilities are deployed interchangeably across segments, it is not practically possible to allocate those assets and liabilities to each segment. Hence, the details of assets and liabilities have not been disclosed in the above table. Notes: 1. The results have been prepared in accordance with Indian Accounting Standards {'lnd AS') prescribed under section 133 ofthe Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI circular dated 5th July The Government of India introduced the Goods and Service Tax (GST) with effect from 1't July 2017 which subsumes excise duty and various other indirect taxes. As required under lnd AS 18, revenue for the quarter ended 31st December 2017 and 30th September 2017 are reported net of GST. Sales of periods up to quarter ending 30th June 2017 are reported inclusive of excise duty. The revenue for nine months ended 31" December 2017 Includes excise duty up to 30th June Accordingly, income from operations for the quarter and nine months ended 31't December 2017 are not comparable with corresponding previous periods. 3. The Company had received notices of demand from the National Pharmaceutical Pricing Authority (NPPA), Government of India, on account of alleged overcharging in respect of certain drugs under the Drugs (Prices Control) Order, 1995 ("DPCO, 1995"). These notices have been subject to challenge by the Company on the question of fixation of retail prices without adhering to the formula/process laid down in DPCO, 1995 and also if some of the specified drugs be subjected to price control, based on the parameters contained in the Drug Policy, The Company challenged these notices in the Hon'ble Bombay High Court on the ground that bulk drugs contained in the said formulations are not amenable to price control, based on the parameters contained in the Drug Policy, 1994 on which the DPCO, 1995 is based and in the Hon'ble Allahabad High Court on process followed for fixation of pricing norms. These Petitions were decided in favour of the Company and the matters were carried in Appeal by the Government to the Hon'ble Supreme Court of India. The Hon'ble Supreme Court of India in August 2003 remanded the question of inclusion of certain drugs under price control to the Hon'ble Bombay High Court, after interpreting some of the criteria laid down in the Drug policy for inclusion/exclusion of drugs under price control. 2/3

6 Cipla In February 2013, the Hon'ble Supreme Court of India transferred the Hon'ble Bombay High Court Petitions, also before Itself for a final hearing on both the matters. These Petitions were thereafter transferred back to Hon'ble Bombay High Court vide Order dated 20 1 h July 2016, along with directions that 50% of the demands raised as mentioned in its earlier Order dated August 2003 be deposited by the Petitioners in the Bombay Petitions, within six (6) weeks. Accordingly, the Company deposited a sum of '( Crore on 22"d August The Hon'ble Supreme Court of India vide its Order and Judgment dated 21" October 2016, allowed the Appeals filed by the Government against the Judgment and Order of the Hon'ble Allahabad High Court regarding fixation of retail prices. Further, the said order was specific to fixation of retail prices without adhering to the formula/process laid down in DPCO, The grounds relating to inclusion of certain drugs within the span of price control continues to be sub-judice with the Hon'ble Bombay High Court. The Company has been legally advised that it has a substantially strong case on the merits of the matter, especially under the guidelines/principles of interpretation of the Drug Policy enunciated by the Hon'ble Supreme Court of India. Although, the recent decision of Hon'ble Supreme Court dated 21" October 2016 referred above was in favour of the Government, basis the facts and legal advice on the matter sub-judice with the Hon'ble Bombay High Court, no provision is considered necessary in respect of the notices of demand received till date aggregating to 1'!1, crore. It may be noted that NPPA in its public disclosure has stated the total demand amount against the Company to be 1'!2, crore, however, the Company has not received any further notices beyond an aggregate amount of 1'!1, crore. 4. Depreciation, impairment and amortisation expense includes the impact of the impairment of certain product related intangible assets of US generics business amounting to 1'! crore (net of tax) and '( crore (net of tax) for the quarter and nine months ended 31st December, 2017 respectively arising out of increased competitive headwinds and adverse regulatory developments. 5. The Tax Cuts and Jobs Act of 2017 ("US tax reforms") was approved and enacted in the United States of America on 22"d December, The US tax reforms includes reduction in federal tax rate from 35% to 21%. During the quarter and nine months ended 31' 1 December, 2017, the US tax reform has resulted in a one-off positive impact of ~ crore due tore-measurement of deferred tax assets and liabilities. 6. The paid-up equity share capital stands increased to '( crore (804,944,690 equity shares of II: 2 each) upon allotment of 2,51,869 equity shares of"! 2 each pursuant to "ESOS 2013-A" during the quarter ended 31" December The Unaudited Standalone financial results for the quarter ended 31" December 2017 are available on the Company's website i.e. under Investor Information section and on the stock exchange websites i.e. and The key standalone financial information are as under: {II: incrore) Quarter Ended Nine Month Ended Year Ended Particulars Total income from operations 2, , , , , , Profit before tax , Profit after tax , The figures of the previous year/period have been regrouped/recast to render them comparable with the figures of the current period. 9. The above results have been subjected to Limited Review by the Statutory Auditors, who issued an unmodified review report, reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 7'h February By order of the Board For CIPLA LIMITED Mumbai 7'h February 2018 Managing Director and Glob 3/3

Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30 1 h June 2018

Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30 1 h June 2018 8 1 h August 2018 Cipla (1) BSE Ltd Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 500087 (2) National Stock Exchange of India Ltd Listing Department Exchange Plaza,