Revenues for the quarter increased by seven per cent from Rs 323 crore to Rs 344 crore, the company said in a statement.
Operating margin improved by 96 basis points to 20.8 per cent from 19.9 per cent and net profit margin by 249 basis points to 11.3 per cent from 8.8 per cent.
The Company's Board of Directors has approved interim dividend of 20 paise per share of face value of Re 1 each.
On business front, Granules Pharmaceuticals, Inc., the company's US based wholly owned subsidiary, entered into an agreement with USpharma to acquire 12.5 per cent of its stake.
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USpharma in collaboration with its manufacturing partners had submitted five ANDAs with Paragraph IV certifications, out of which four ANDAs have already been out licensed to the company exclusively, he said.
About Granules India Ltd.:
Granules (BSE: 532482, NSE: GRANULES) is a fast-growing pharmaceutical manufacturing company with world-class facilities and is committed to manufacturing excellence, quality and customer service. The company produces Finished Dosages (FDs), Pharmaceutical Formulation Intermediates (PFIs) and Active Pharmaceutical Ingredients (APIs) for quality conscious customers in the regulated and semi-regulated markets. Granules support customers with unique value, extensive product range, proactive solutions and a global network of associates. The company's global presence extends to over 300 customers in 60 countries through offices in India, U.S., U.K., China and Colombia. Granules offer all three components of the pharmaceutical value chain which gives the customers flexibility and choice.
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Media Contact:
Sumanta Bajpayee
Sumanta.Bajpayee@granulesindia.Com
+91-40-30663572
Granules India Ltd.
Source: Granules India Ltd.