Granules India Q1 net profit up 19% at Rs 27 crore

Total income from operations for the quarter under review grew 11.23% annually

Granules India Limited reported an increase of 18.73 per cent  in consolidated net profit at Rs 27.15 crore for the quarter ended June 30, 2015, on the back of improved margins.  Total income from operations grew 11.23 per cent at Rs 345.94 crore as compared with Rs 311 crore in the corresponding quarter last year.

“The first quarter of the financial year of 2016 had been encouraging as we continued to deliver strong results by focussing on operational efficiency and showing improvement in margin profile of the company. During this quarter, we have further strengthened our footings towards introduction of newer molecules to increase our product portfolio,” C Krishna Prasad,  chairman and managing director, stated in a release.

 

The company was able to improve the EBITDA margins by 137 basis points compared to the corresponding previous quarter.

Granules scrip rose 4.92% at Rs 102.45 on Bombay Stock Exchange on Thursday.