Comments
Granules India’s net profit increased 181 per cent to ₹134 crore in the first quarter ended June 30, 2024, compared with ₹48 crore in the corresponding quarter of previous financial year.
The Hyderabad-based company’s total revenue increased 20 per cent to ₹1,180 crore (₹985 crore), driven by formulations growth.
“With our robust quarterly performance, we are back on our planned trajectory after a few setbacks last year,’‘ Krishna Prasad Chigurupati, Chairman and Managing Director of Granules India, said in a release.
“The Q1 performance highlights include continued growth in our formulation segment, strong North America business and product diversification, which offset the Paracetamol API/PFI decline, promising a brighter future driven by our formulations offering and new product pipeline,’‘ he added.
Granules’ scrip gained 4.15 per cent on the BSE on Tuesday to end at ₹587.80.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.