GRANULES · Healthcare
Granules India Ltd. reported revenue of ₹1,176 cr for January to March 2024, — on the year and +1.7% on the quarter.
Operating profit (EBITDA) was ₹256 cr, a margin of 21.8%, — on the year and +14 bps on the quarter.
Net profit was ₹130 cr, — on the year and +3.2% on the quarter, with earnings per share of ₹5.35.
On earnings per share of ₹16.72 over the last four quarters, the stock at ₹823.00 trades at 49.2 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,189 cr | ₹1,156 cr | ₹1,176 cr | ₹1,180 cr | ₹967 cr | ₹1,138 cr | ₹1,197 cr | ₹1,210 cr | ₹1,297 cr | ₹1,388 cr | ₹1,471 cr | ₹1,477 cr |
| YoY | — | — | — | +20% | −19% | −2% | +2% | +3% | +34% | +22% | +23% | +22% |
| EBITDA margin | 17.9% | 21.6% | 21.8% | 21.9% | 21.0% | 20.2% | 21.1% | 20.4% | 21.4% | 22.2% | 23.9% | 23.0% |
| Other income, % of PBT | 1% | 1% | 1% | 1% | 2% | 4% | 17% | −7% | −1% | −2% | 10% | 1% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 26% | 26% | 26% | 24% | 23% | 23% | 22% | 26% | 26% | 23% | 25% |
| Net profit | ₹102 cr | ₹126 cr | ₹130 cr | ₹135 cr | ₹97.0 cr | ₹118 cr | ₹152 cr | ₹113 cr | ₹131 cr | ₹150 cr | ₹202 cr | ₹180 cr |
| YoY | — | — | — | +181% | −5% | −6% | +17% | −16% | +35% | +27% | +33% | +59% |
| Core profit YoY | — | — | — | +175% | −7% | −13% | −5% | −13% | +42% | +40% | +44% | +54% |
| EPS | ₹4.21 | ₹5.18 | ₹5.35 | ₹5.56 | ₹4.01 | ₹4.85 | ₹6.27 | ₹4.64 | ₹5.38 | ₹6.19 | ₹8.13 | ₹7.26 |
| Flags | · | · | · | ✓ | ✓ | ✓ | 1 | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Granules India Ltd. reported revenue of ₹1,176 cr (— on the year) and net profit of ₹130 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.