Granules India jumps up over 8%
By
Ruma Dubey
about 5 years ago
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.