Business EconomyPosted at: Jan 24 2025 4:44PM


Granules India net profit down 6 percent to INR 1,176 Mn in Q3 FY25

Hyderabad, Jan 24 (UNI) Granules India Ltd., a vertically integrated pharmaceutical company, on Friday reported a 6 percent down in its net profit to INR 1,176 Million for the quarter ended December 31, 2024, as compared to INR 1,257 million in the year-ago period.
Hyderabad-based Pharma Company's revenue from operations during the quarter also declined 2 percent to INR 11,377 million as compared to INR 11,556 million in the corresponding period in the previous year.
The Company voluntarily paused production at the Gagillapur plant on Sep-24 for risk assessment on account of the US FDA observations.
Subsequently, the production resumed in October in a staggered manner, the pharma company said in a release here.
Revenue share from North America increased to 77 percent in Q3 FY25, compared to 66 percent in the corresponding period in FY24.
Finished dosages (FD), Active Pharmaceuticals Ingredients (API), and Pharmaceutical Formulation Intermediates (PFI) contributed 76 percent, 12 percent, and 12 percent of revenue from operations respectively for Q3FY25.
The company’s net debt stood at INR 8,289 million
Commenting on the results, Dr Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited said, “We continue to sustain our profitable growth in the finished dosages segment, driven by our North America business. We are enhancing quality and compliance through systemic improvements across our operations, including Gagillapur. Progress on our greenfield formulation expansion at GLS remains on track, reinforcing our capabilities and driving future growth.”
The Company has 10 manufacturing facilities out of which 8 are in India and 2 in the USA and has regulatory approvals from the US FDA, EDQM, EU GMP, COFEPRIS, WHO GMP, TGA, KFDA, DEA, MCC, and HALAL.
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