On Thursday, the company has reported 55 percent fall in its Q4FY18 consolidated net profit at Rs 20.4 crore on the back of weak operational performance.
Shares of Granules India touched new 52-week low of Rs 77.85, down 6.3 percent in the early trade on Friday on the back of weak fourth quarter numbers.
On Thursday, the company has reported 55 percent fall in its Q4FY18 consolidated net profit at Rs 20.4 crore on the back of weak operational performance.
The company had reported net profit of Rs 45.7 crore in the same quarter last fiscal.
Meanwhile, revenue of the company was up 39 percent at Rs 503.8 crore versus Rs 362 crore. Operating profit or EBITDA was down at Rs 43.6 crore and margin was down at 8.7 percent.
Inventory cost has increased to Rs 28 crore.
The company board recommended a final dividend of 25 paise per share of face value of Re 1 each for the financial year 2017-18 representing 25 percent of paid-up capital in addition to the interim dividend of 75 paise per share paid during the year.
At 09:28 hrs Granules India was quoting at Rs 78.50, down Rs 4.60, or 5.54 percent on the BSE.
Posted by Rakesh Patil