GRANULES INDIA LIMITED
RESULTS FOR Q1 FY 2014-15
(JUNE 2014)
Granules India Ltd., announced
financial results for First Quarter ended June 30, 2014.
· Net Revenue
: Rs. 311.0 Cr., an increase of 36% compared to Rs. 228.3 Cr. in Q1FY14
· EBITDA: Rs.
53.2 Cr., an increase of 69% compared to
Rs. 31.6 Cr. in Q1FY14
· Net Profit:
Rs. 22.9 Cr., an increase of 56% compared to Rs. 14.7 Cr.in Q1FY14
The Company’s profitability
margins continued to strengthen compared to the corresponding quarter in the previous
financial year and sequential quarter.
The EBITDA margin increased 328
basis points to 17.1%, while
the PAT margin increased 91basis
points to 7.4% compared to the corresponding quarter of the prior financial
year.
The consolidated numbers
include performance from Auctus, an API manufacturer acquired in February 2014.
Auctus contributed Rs. 26.1 Cr . during the quarter with an EBITDA of Rs. 2.2 Cr.
and a net loss of Rs. 2.8 Cr.
The Company’s standalone sales
during the quarter were Rs. 253
Cr. which is an increase of
21%. The EBITDA margin grew 483
basis points to 19.5% while
PAT improved by 176 basis points to 8.8% .
During the quarter, the
Bonthapally API facility successfully completed a U.S. FDA inspection and also was
also certified ISO14001 for Environmental Management Systems as well as OHSAS
18001 for Occupational Health Safety Systems. In addition, the Jeedimetla API facility
was inspected by EDQM.
“We are pleased to see our
concentrated effort on improving margins through manufacturing efficiencies and
process innovation continuing to bear fruit. In addition to the strong
performance from the standalone operations, we are seeing positive improvements
at Auctus. The team is receiving positive responses from customers and we anticipate
the performance at Auctus to start ramping up in the second half of the financial
year.”said Krishna Prasad, MD.
Results
table
|
Granules India
|
Q1 FY 15
|
Q4 FY14
|
Dif% QoQ
|
Q1 FY14
|
Dif% YoY
|
FY14
|
|
Net Sales
|
311.02
|
317.47
|
-2.03
|
228.29
|
36.24
|
1095.86
|
|
OPT
|
41.14
|
41
|
0.34
|
25.89
|
58.9
|
132.79
|
|
PBT
|
34.13
|
33.21
|
2.77
|
22.2
|
53.74
|
112.36
|
|
NPT
|
22.87
|
23.63
|
-3.22
|
14.69
|
55.68
|
75.23
|
|
EPS
|
11.02
|
11.46
|
-3.84
|
7.11
|
54.99
|
36.49
|
|
EQ-FV.10
|
20.35
|
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