Granules Q4 net down 5% at Rs 22 cr

Income from operations grew 11% to Rs 354 cr

Hyderabad-based pharmaceutical company Granules India Limited has reported a 5.2 per cent decline in consolidated net profit at Rs 22.40 crore for the quarter ended March, 2015 on the back of increased expenses, as compared with Rs 23.62 crore in the corresponding quarter last year.

Income from operations grew 11.7 per cent at Rs 354.60 crore as compared with Rs 317.47 crore in the corresponding previous quarter. However the overall expenditure from operations during the quarter under review rose 15 per cent to Rs 319.91 crore from Rs 277.96 crore in the year ago period.

For the full year the net profit of the company stood at Rs 91 crore, an increase of 21 per cent over Rs 75 crore in the last financial year while the income from operations grew 18 per cent at Rs 1,293 crore from Rs 1,096.