GRANULES India Ltd reports consolidated PAT of Rs. 92.33 crore in Q4 FY2020

GRANULES INDIA LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.622.40 crores during the period ended March 31, 2020 as compared to Rs.707.46 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.92.33 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.64.02 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.3.62 for the period ended March 31, 2020 as compared to Rs.2.51 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 622.40 crs	₹ 707.46 crs	-12.02%
Net Profit	₹ 92.33 crs	₹ 64.02 crs	44.22%
EPS	₹ 3.62	₹ 2.51	44.22%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.622.40 crores during the period ended March 31, 2020 as compared to Rs.615.19 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.92.33 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.64.03 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.3.62 for the period ended March 31, 2020 as compared to Rs.2.51 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 622.40 crs	₹ 615.19 crs	1.17%
Net Profit	₹ 92.33 crs	₹ 64.03 crs	44.2%
EPS	₹ 3.62	₹ 2.51	44.22%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.2635.20 crores during the 12 months period ended March 31, 2020 as compared to Rs.2305.88 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.335.39 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.236.40 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.13.15 for the 12 months period ended March 31, 2020 as compared to Rs.9.28 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 2635.20 crs	₹ 2305.88 crs	14.28%
Net Profit	₹ 335.39 crs	₹ 236.40 crs	41.87%
EPS	₹ 13.15	₹9.28	41.7%

Commenting on the results Mr. Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited, said "I am happy to share with you that our growth momentum for FY20 and Q4FY20 has been very robust despite the Covid-19 led challenges and we continue to experience strong demand across our products. FY20 reported a 14% growth in revenue, an impressive EBITDA margin expansion of 337bps and a year-on-year PAT growth of 42%. This is the result of the launch of new profitable products through GPI, increased FD sales, operational excellence and a vigilant watch over our margins via optimal product mix, capacity utilization and minimization of our expenses. Our regulated markets (North America and Europe) contributed 73% of revenues in FY20. During the year we made 14 filings; US ANDAs - 11, EP-2 and UK-1. We have received approvals for 12 ANDAs and launched 5 products in the US. We are happy to have achieved our stated guidance in FY20 and going forward, we expect to maintain our focus on delivering superior shareholder value."

Shares of GRANULES INDIA LTD. was last trading in BSE at Rs.181.25 as compared to the previous close of Rs. 171.35. The total number of shares traded during the day was 239404 in over 3643 trades.

The stock hit an intraday high of Rs. 182.95 and intraday low of 173. The net turnover during the day was Rs. 42788463.

Source : Equity Bulls

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