Granules India Ltd Q3FY21 consolidated net profit at Rs. 146.80 crore

GRANULES INDIA LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.860.92 crores during the period ended December 31, 2020 as compared to Rs.861.34 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.146.80 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.163.63 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.5.90 for the period ended December 31, 2020 as compared to Rs.6.56 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 860.92 crs	₹ 861.34 crs	-0.05%
Net Profit	₹ 146.80 crs	₹ 163.63 crs	-10.29%
EPS	₹ 5.90	₹ 6.56	-10.06%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.860.92 crores during the period ended December 31, 2020 as compared to Rs.707.46 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.146.80 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.64.02 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.5.90 for the period ended December 31, 2020 as compared to Rs.2.51 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 860.92 crs	₹ 707.46 crs	21.69%
Net Profit	₹ 146.80 crs	₹ 64.02 crs	129.3%
EPS	₹ 5.90	₹ 2.51	135.06%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2461.83 crores during the 9 months period ended December 31, 2020 as compared to Rs.2012.79 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.421.89 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.243.06 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.16.82 for the 9 months period ended December 31, 2020 as compared to Rs.9.53 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 2461.83 crs	₹ 2012.79 crs	22.31%
Net Profit	₹ 421.89 crs	₹ 243.06 crs	73.57%
EPS	₹ 16.82	₹9.53	76.5%

Commenting on the results, Mr. Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited, said "I am pleased to announce that the 20% YoY growth in Q3FY21 revenuesis in line with our stated guidance and is broadbased, across all our business segments. Our long-term investments in backward and forward integration from APIs to FDs is helping us in delivering expected results as demonstrated by the 11% growth in our FDs revenue, led by the new product launches, an increase in the market share of our existing products and increased penetration of PFIs, leading to 48% YoY growth. API revenues were up 20% YoY, driven by the onboarding of new customers. Our third quarter performance gives us confidence that we are on track to end the year on plan and we will continue our unrelenting focus on delivering superior shareholder value."

Shares of GRANULES INDIA LTD. was last trading in BSE at Rs.355.3 as compared to the previous close of Rs. 348.65. The total number of shares traded during the day was 274290 in over 2679 trades.

The stock hit an intraday high of Rs. 365.8 and intraday low of 350. The net turnover during the day was Rs. 98101477.

Source : Equity Bulls

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