Granules India Limited reported a 55.63 per cent jump in consolidated net profit at Rs 22.87 crore for the quarter ended June 2014 from Rs 14.69 crore in the corresponding quarter last year.
Gross profit margin during the quarter increased 328 basis points to 17.1 per cent . Total income from operations in the quarter under review grew 36.24 per cent at Rs 311.02 crore as compared with Rs 228.29 crore in the year ago period.
These numbers include performance from Auctus, an API manufacturer acquired in February 2014 that contributed Rs 26.1 crore to the company revenues.
"We are pleased to see our concentrated effort on improving margins through manufacturing efficiencies and process innovation continuing to bear fruit...We anticipate the performance at Auctus to start ramping up in the second half of the financial year," said Krishna Prasad, managing director of Granules India.
