Granules India net profit up

The company’s standalone sales during the quarter were Rs 413 crore. In this quarter, the company recorded EBITDA and profit after tax of Rs 78 crore and Rs 34 crore, respectively.

By Author  |  Business Bureau  |  Published: 8th Feb 2018  9:26 pm

Hyderabad: Granules India reported a consolidated net profit of Rs 35 crore for the third quarter ended December 2017, up 8.5 per cent. The company’s revenues stood at Rs 411 crore. It’s EBITDA was at Rs 75 crore, up 18.2 per cent.

The company’s standalone sales during the quarter were Rs 413 crore. In this quarter, the company recorded EBITDA and profit after tax of Rs 78 crore and Rs 34 crore, respectively.

The company’s Board of Directors has approved third interim dividend of 25 paise per share of face value of Rs 1 each.

“Our journey towards sustainability continues as we report steady growth in our business performance. Revenue growth of 14 per cent in the current quarter is the outcome of our investments in capacity expansion in both APIs and PFIs. However, increased cost for some of our key raw materials and forex fluctuation has impacted profit for the quarter under review.

Going ahead, we are optimistic of strengthening our growth by leveraging enhanced production capacities, until our new business initiatives start contributing positively as supplementary growth drivers of the Company.” said Krishna Prasad Chigurupati, CMD.