Granules India Ltd Q1FY22 consolidated net profit at Rs. 120.20 crore

GRANULES INDIA LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.857.46 crores during the period ended June 30, 2021 as compared to Rs.802.59 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.120.20 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.127.56 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.4.83 for the period ended June 30, 2021 as compared to Rs.5.13 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 857.46 crs	₹ 802.59 crs	6.84%
Net Profit	₹ 120.20 crs	₹ 127.56 crs	-5.77%
EPS	₹ 4.83	₹ 5.13	-5.85%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.857.46 crores during the period ended June 30, 2021 as compared to Rs.741.22 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.120.20 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.111.44 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.4.83 for the period ended June 30, 2021 as compared to Rs.4.36 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 857.46 crs	₹ 741.22 crs	15.68%
Net Profit	₹ 120.20 crs	₹ 111.44 crs	7.86%
EPS	₹ 4.83	₹ 4.36	10.78%

Commenting on the results, Mr. Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited said, "The last quarter was full of learnings and challenges both in terms of business and battling the pandemic. Business was temporarily impacted, and actions were taken to get it back on track. This testing time had given us an opportunity to think and plan to empower our future in a sustainable and reliable manner. I am happy that we are getting over these difficult times and becoming stronger to carry out our aspirations. We are focusing on making our growth strategy more robust, while taking a hard look on our product pipeline which is our growth engine. While remaining confident of our sustainable growth, efforts will be continued to formalise and follow an orbit changing strategy. I remain confident of our future sustainable growth."

Shares of GRANULES INDIA LTD. was last trading in BSE at Rs. 364.9 as compared to the previous close of Rs. 377.3. The total number of shares traded during the day was 450503 in over 5757 trades.

The stock hit an intraday high of Rs. 382 and intraday low of 362. The net turnover during the day was Rs. 166531953.

Source : Equity Bulls

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