Consolidated profit before tax rose by 9.2% to Rs 162.87 crore in Q1 FY22 from Rs 149.19 crore in Q1 FY21. EBITDA grew by 9.6% to Rs 201.4 crore in Q1 FY22 over Q1 FY21. Meanwhile, EBITDA margin declined to 23.7% in Q1 FY22 from 25% in Q1 FY21.

Granules said its gross margin drop was on account of reduction in margins on Para due to increase in KSM price. Favourable forex in Q1FY21 and air freight collected from customers was part of sales which was added to Gross margin in Q1FY21. A fall in EBITDA margin was on account of lower profitability in para products and higher logistic cost.

The company's Pharmaceutical Formulation Intermediates (PFI) segment grew 25% year on year, its Active Pharmaceutical Ingredients (API) segment grew 5% YoY while Finished Dosage (FD) grew 18% YoY.

Granules India along with its subsidiaries has a global presence which extends to over 250 customers in over 75 countries through its offices in India, US & UK and has seven manufacturing facilities out of which six are located in India and one in the USA.

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Granules India announced that the Board of Directors of the Company at its meeting held on 27 July 2021, has recommended a First Interim dividend of Rs.0.25 per share (i.e.25%), subject to the approval of the shareholders.

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Net profit of Granules India rose 7.85% to Rs 120.20 crore in the quarter ended June 2021 as against Rs 111.45 crore during the previous quarter ended June 2020. Sales rose 15.53% to Rs 849.85 crore in the quarter ended June 2021 as against Rs 735.60 crore during the previous quarter ended June 2020.

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Granules India has fixed 06 August 2021 as record date for first interim dividend for FY 2021-22.

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