Granules India Ltd reports Rs. 111.44 crore consolidated PAT in Q1FY21

GRANULES INDIA LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.741.22 crores during the period ended June 30, 2020 as compared to Rs.622.40 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.111.44 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.92.33 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.4.36 for the period ended June 30, 2020 as compared to Rs.3.62 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 741.22 crs	₹ 622.40 crs	19.09%
Net Profit	₹ 111.44 crs	₹ 92.33 crs	20.7%
EPS	₹ 4.36	₹ 3.62	20.44%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.741.22 crores during the period ended June 30, 2020 as compared to Rs.597.12 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.111.44 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.83.24 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.4.36 for the period ended June 30, 2020 as compared to Rs.3.27 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 741.22 crs	₹ 597.12 crs	24.13%
Net Profit	₹ 111.44 crs	₹ 83.24 crs	33.88%
EPS	₹ 4.36	₹ 3.27	33.33%

Commenting on the results, Mr. Krishna Prasad Chigurupati, Chairman & Managing Director of Granules india Limited, said "I am pleased to announce the highest ever quarter performance in the history of Granules India with a 23.6% YoY Revenue growth, an impressive EBITDA margin expansion of 503 bps and a YoY PAT growth of 93%. Our long-term investments in backward and forward integration from APIs to FDs are delivering expected results as demonstrated by new product launches and increase in market share of our existing products. This is the result of operational excellence and a vigilant watch over our margins through optimization of the product mix and by increased capacities and optimal capacity utilization. Our regulated markets (North America and Europe) contributed 71% of revenues in QIFY21. Our first quarter performance gives us confidence that we are on track to end the year as per the plan, we expect to maintain our focus on delivering increased shareholder value."

Shares of GRANULES INDIA LTD. was last trading in BSE at Rs.245.95 as compared to the previous close of Rs. 241.25. The total number of shares traded during the day was 156070 in over 3153 trades.

The stock hit an intraday high of Rs. 247.2 and intraday low of 240.65. The net turnover during the day was Rs. 38150439.

Source : Equity Bulls

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