By: IPP Bureau
Last updated : February 08, 2022 6:52 pm
Granules India has reported consolidated financial results for the period ended December 31, 2021
Financial Results (Q3 FY2022) - QoQ comparison
The company has reported a total income of Rs. 1001.6376 crore during the period ended December 31, 2021 as compared to Rs. 892.6830 crore during the period ended September 30, 2021.
The company has posted a net profit of Rs. 100.8806 crore for the period ended December 31, 2021 as against a net profit of Rs. 80.6787 crore for the period ended September 30, 2021.
Financial Results (Q3 FY2022) - YoY comparison
The company has reported a total income of Rs. 1001.6376 crore during the period ended December 31, 2021 as compared to Rs.860.9246 crores during the period ended December 31, 2020.
The company has posted net profit of Rs.100.8806 crores for the period ended December 31, 2021 as against a net profit of Rs.146.8073 crore for the period ended December 31, 2020.
Financial Results (nine-month ended FY2022) - YoY comparison
The company has reported a total income of Rs.2748.5947 crore during the nine-month period ended December 31, 2021 as compared to Rs.2461.8330 crores during the nine-month period ended December 31, 2020.
The company has posted a net profit of Rs.301.7612 crore for the nine-month period ended December 31, 2021 as against a net profit of Rs.421.8904 crore for the nine-month period ended December 31, 2020.
Commenting on the results, Dr Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited said, “I am pleased to share that we are slowly getting back to the normal as is evident from the revenue growth which came in despite the continuing disruptions and challenging environment such as raw material price increase, unstable supply from China and PAP supply constraints. We expect the situation to improve in coming quarters and remain focused on execution and agile to the market opportunities. We at Granules are now ready to take a leap to transform our business to the next level. We are strengthening management capabilities and are investing in R&D infrastructure, scientific talent, and partnerships in science & technology which will lead to sustainability, leadership, backward integration and focus on quality of our portfolio. Our initiatives will bring in the triple bottom line in the form of social, environmental, and financial advantages resulting in a greater stakeholder’s value.”