Granules India Q3FY14 Net Profit Up By 275%
DSIJ Intelligence / 28 Jan 2014
The EBITDA for the quarter came in at Rs 45.07 crore for Q3FY14 as against Rs 18.48 crore posted during Q3FY13. The EBITDA margins for the quarter expanded by 640 basis points on YoY basis to come in at 15.87%.
In the first nine months the company has been able to post a top line of Rs 778.40 crore higher than Rs 764 crore reported during FY13. Now let us dig deeper into the quarterly result analysis.
The topline of the company grew by 45.50% on YoY basis for Q3FY14 to stand at Rs 284.05 crore as against Rs 195.22 crore for the same quarter last fiscal. The growth in the topline can be attributed to the strong performance witnessed by all the manufacturing facilities of the company. This includes the formulation facility of Gagillapur, which continues to scale up production.
The increase in the topline has also helped the company a better performance on the EBITDA levels. The EBITDA for the quarter came in at Rs 45.07 crore for Q3FY14 as against Rs 18.48 crore posted during Q3FY13. The EBITDA margins for the quarter expanded by 640 basis points on YoY basis to come in at 15.87%.
The bottomline came in at Rs 21.81 crore for Q3FY14 as against Rs 5.81 crore reported during the same quarter last fiscal. The PAT margins expanded by 470 basis points to come in at 7.68% on YoY basis.
Commenting on the results Krishna Prasad, Managing Director of the company said, "While we are proud of our accomplishment, our primary focus continues to be improving manufacturing efficiency so we can deliver unparalleled value to our customers."
Today on the bourses the stock closed at Rs 227 (+8.48%) on YoY basis. Further buying in the counter in coming sessions cannot be ruled out.
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