Pharma major Granules India's Q4 net profit up 38% at Rs 45 cr

Total income declined marginally to Rs 363.35 cr

Granules India has reported a 38 per cent increase in net profit at Rs 45.67 crore in the January-March quarter this year as against Rs 34.1 crore in the same quarter last year. Profits have accrued due to decrease in costs, among other factors.

However, its total income has declined marginally to Rs 363.35 crore from Rs 377.29 crore in the corresponding quarter previous year.

The company's net profit in FY17 grew 34 per cent at Rs 164.52 crore as compared to Rs 123 crore during the previous financial year. Its total income has witnessed 4 per cent growth at Rs 1,445.18