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Granules India to invest Rs 1,000 crore over 3 years till FY24 to expand operations


Granules India to invest Rs 1,000 crore over 3 years till FY24 to expand operations
The Hyderabad-based firm plans to invest in a new manufacturing facility and on expanding production capacities at existing plants
PTI | May 16, 2021 | Updated 17:08 IST
The company s revenue stood at Rs 3,238 crore for the 2020-21 financial year while its net profit was at Rs 549 crore for the period
Drug firm Granules India has earmarked a capex of around Rs 1,000 crore which it aims to invest over the next three financial years on expansion of operations, according to a top company official.
The Hyderabad-based firm plans to invest in a new manufacturing facility and on expanding production capacities at existing plants. ....

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Granules India Q4 net up 38% at ₹128 crore - The Hindu BusinessLine


Granules India Q4 net up 38% at ₹128 crore
May 11, 2021
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The revenue had risen 33 per cent at ₹799 crore as against ₹600 crore in the year-ago period.
Granules India Ltd s consolidated net profit increased 38 per cent at ₹128 crore in the fourth quarter ended March 31, 2021 compared to ₹92 crore in the corresponding quarter of the previous financial year.
The total revenue of the Hyderabad-based company increased 33 per cent at ₹799 crore as against ₹600 crore in the year-ago period.
For the full year, ended March 31, 2021, net profit increased 64 per cent at ₹549 crore (₹335 crore) on a 25 per cent increase in revenue of ₹3,238 crore (₹2,599 crore).
``Multiple product launches across portfolios helped us to deliver a record high growth of 25 pc in sales,’’ Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited, said in a release on Tuesday. ....

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