Granules India jumps up over 8%

about 1 year ago
No Image

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.

Popular Comments

No comment posted for this article.