Granules India Ltd Q2FY21 consolidated PAT jumps to Rs. 163.63 crore

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

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.861.34 crores during the period ended September 30, 2020 as compared to Rs.741.22 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.163.63 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.111.44 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.6.56 for the period ended September 30, 2020 as compared to Rs.4.36 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 861.34 crs	₹ 741.22 crs	16.21%
Net Profit	₹ 163.63 crs	₹ 111.44 crs	46.83%
EPS	₹ 6.56	₹ 4.36	50.46%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.861.34 crores during the period ended September 30, 2020 as compared to Rs.708.20 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.163.63 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.95.79 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.6.56 for the period ended September 30, 2020 as compared to Rs.3.76 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 861.34 crs	₹ 708.20 crs	21.62%
Net Profit	₹ 163.63 crs	₹ 95.79 crs	70.82%
EPS	₹ 6.56	₹ 3.76	74.47%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1600.90 crores during the 6 months period ended September 30, 2020 as compared to Rs.1305.33 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.275.08 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.179.03 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.10.91 for the 6 months period ended September 30, 2020 as compared to Rs.7.03 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 1600.90 crs	₹ 1305.33 crs	22.64%
Net Profit	₹ 275.08 crs	₹ 179.03 crs	53.65%
EPS	₹ 10.91	₹7.03	55.19%

Commenting on the results, Mr. Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited, said "I am pleased to announce second consecutive robust performance by all our business segments, fuelled the 22.7% growth in Q2FY21 Revenues to INR 858 Cr. Our long-term investments in backward and forward integration from APIs to FDs are helping us in delivering expected results as demonstrated by the 22% growth in our FDs revenue at INR 430 Cr this quarter, led by the new products launch and increase in market share of our existing products and increased penetration of PFIs leading to 33% growth at INR 173 Cr. API Revenue at INR 255 Cr, up 17% YoY, was driven by acquisition of new customers. The consolidated EBITDA for Q2 stood at INR 256 Cr, up by 78.6% and Net Profit at INR 164 Cr grew by 70.8% YoY. Our second quarter performance gives us confidence that we are on track to end the year as per our stated objectives and we will continue to deliver superior shareholder value."

Shares of GRANULES INDIA LTD. was last trading in BSE at Rs.391.45 as compared to the previous close of Rs. 388.8. The total number of shares traded during the day was 136471 in over 3782 trades.

The stock hit an intraday high of Rs. 394 and intraday low of 381.1. The net turnover during the day was Rs. 53219281.

Source : Equity Bulls

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