Granules India Q4 PAT triples to Rs 64 cr

Granules India Ltd Thursday said its profit after tax for the quarter ended March 31 was up by 213 per cent to Rs 64 crore against Rs 20 crore.

According to a press release issued by the drug maker, the company's consolidated total income for the fourth quarter of Financial Year 2019 was Rs 615 crore, an increase of 20 per cent from the same quarter of the previous financial year.

For the full year FY 19, total income grew by 35 per cent while the PAT was up by 78 per cent to Rs 236 crore, it said.

Board of Directors recommended a final dividend of Rs 0.25pershare of face value of Re.oneeach in addition to the interim dividend of Rs 0.75 already paid for the financial year 2019.

"I am pleased to see another quarter of continued growth in revenue and profit in the fiscal 2019.

We achieved this growth on back of inherent stability of the molecules in our portfolio combined with our relentless focus on efficient manufacturing," Chairmanand Managing Director, Granules India Limited, Krishna Prasad Chigurupatisaid.