By: IPP Bureau
Last updated : January 23, 2024 11:54 pm
Granules India has reported total income of Rs. 1156.23 crores during the period ended December 31, 2023
Granules India Limited has reported consolidated financial results for the period ended December 31, 2023.
Granules India has posted net profit of Rs. 125.65 crores for the period ended December 31, 2023 as against net profit of Rs. 102.11 crores for the period ended September 30, 2023. It posted net profit of Rs.124.33 crores for the period ended December 31, 2022.
Granules India has reported total income of Rs. 1156.23 crores during the period ended December 31, 2023 as compared to Rs. 1191.01 crores during the period ended September 30, 2023. It reported total income of Rs.1147.07 crores during the period ended December 31, 2022.
For the 9 months period ended December 31, 2023, Granules India has reported total income of Rs.3333.11 crores as compared to Rs.3326.82 crores during the 9 Months period ended December 31, 2022.
The company has posted net profit of Rs.275.66 crores for the 9 months period ended December 31, 2023 as against net profit of Rs.396.993 crores for the 9 months period ended December 31, 2022.
Commenting on the results, Dr. Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited said, “We had a steady performance this quarter which is reflected in our improved EBITDA and PAT margins as compared to the previous quarter. US formulations business has done well in Q3, led by both existing and new products”.