Granules India jumps up over 8%

about 25 days ago
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Granules India is in the limelight today, going up over 8% to Rs.95.55, recording robust volumes of over 2 times.

The company, for Q3FY19 posted a 54% (YoY) rise in consolidated revenue at Rs.632 crore  and net profit was up 72% at Rs.60 crore.

Consolidated EBITDA for the quarter rose 53% at Rs.113 crore while margins showed a slight improvement from 17.3% to 17.9%.

The company has said that the good performance was driven by better sales from FD segment (formulations) and increased contribution from North American market.

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