Granules India shares fall nearly 4% on Q3 results

Granules India Limited released its unaudited consolidated financial results for the quarter ended December 31, 2024, revealing a decline in both revenue and net profit on a year-over-year basis, causing its shares to slide by 3.94% to ₹576 on January 24, 2025.

Key Highlights:

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  • Revenue from Operations: ₹1,137.7 crore, a decrease of 1.5% YoY compared to ₹1,155.6 crore in Q3 FY24, but an 18% QoQ rise from ₹966.6 crore in the previous quarter.
  • Net Profit: ₹117.6 crore, down 6.4% YoY from ₹125.6 crore in Q3 FY24, though improving 21% QoQ from ₹97.2 crore.
  • EBITDA Margins: Under pressure due to rising raw material costs, though cost optimization measures were implemented.

Financial Overview:

  • Cost of Materials Consumed: ₹444.8 crore, a significant improvement from ₹553.2 crore in Q3 FY24, reflecting better inventory control.
  • Total Expenses: ₹990.6 crore, up marginally from ₹841.4 crore in the previous quarter, adding to profitability challenges.
  • Tax Expense: Reduced to ₹35.2 crore from ₹44.4 crore in Q3 FY24.

Granules India Share Price history

Day Open Close Change %
Thu, Jan 23 2025
₹590.00
₹599.60
+1.58%
Wed, Jan 22 2025
₹588.20
₹590.25
+0.16%
Tue, Jan 21 2025
₹599.85
₹589.30
-1.41%
Mon, Jan 20 2025
₹580.00
₹597.75
+3.20%
Fri, Jan 17 2025
₹579.45
₹579.20
-0.04%
Thu, Jan 16 2025
₹580.00
₹579.45
+1.09%
Wed, Jan 15 2025
₹585.85
₹573.20
-1.81%
Tue, Jan 14 2025
₹569.70
₹583.75
+2.77%

 

Granules India emphasized its commitment to operational efficiencies and growth in high-margin segments. Despite short-term challenges, the company remains focused on its long-term strategy to improve profitability and shareholder value.