- Granules India is primarily involved in the manufacturing and selling of Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation intermediates (PFIs) and Finished Dosages (FDs)

- Sales increased 11% YoY to Rs.700Cr. in 3QFY20. Growth was mainly driven by strength in the formulation dosage (FD) segment (+23% YoY; 54% of total sales).

- The company posted double-digit PAT growth YoY for seventh straight quarter. PAT grew 56.4% YoY to Rs.94.4Cr.

- Geographically, North America (+13% YoY; 53% of sales)/Europe (82% YoY; 21% of sales) performed well.

- The new API facility at Vizag would be commissioned soon. Incremental quarterly opex related to this facility would be Rs.6.5Cr.

- Net debt stood at Rs.790Cr. which includes short-term debt of Rs.370Cr. FCF stood at Rs.59Cr. for the quarter and Rs.160Cr. for 9MFY20.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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