Granules India has announced impressive financial performance for the first quarter ended June 30, 2024.
Key Highlights:
- Net Profit: A significant 181% year-on-year surge to Rs 1,346 crore.
- Revenue: Increased by 20% to Rs 11,799 crore compared to the same period last year.
- EBITDA Margin: Improved by 600 basis points to 22%.
- North America Contribution: Revenue from North America jumped to 74% from 61% in the previous year.
- Stock Performance: Shares surged, hitting a 52-week high following the announcement.
Granules India reported a remarkable surge in its Q1 net profit, which soared by 181% to reach Rs 1,346 crore. This impressive financial performance led to a significant jump in the company’s share price, pushing it to a 52-week high. The substantial increase in profit underscores the company’s strong market position and has bolstered investor confidence.
