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Granules India Ltd. — Earnings Release 2025
Nov 6, 2024
60224_rns_2024-11-06_b8d4d6f4-1f44-47e9-aaa3-ac55ed1ffe93.pdf
Earnings Release
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CHAITANYA Digitally signed by CHAITANYA TUMMALA TUMMALA Date: 2024.11.06 13:13:17 +05'30'
Press Release
Q2FY25 Revenue from operations at INR 9,666 Mn. down by 19% YoY, EBITDA at INR 2,033 Mn. down by 5% YoY, PAT at INR 972 Mn. down by 5% YoY.
Hyderabad, India, November 6, 2024: Granules India Ltd., a vertically integrated pharmaceutical company, today announced its financial results for the quarter ended September 30, 2024.
Financial Summary (All numbers in INR Mn., except Margins)
| QUARTERLY CONSOLIDATED FINANCIALS |
Q2FY25 | Q1FY25 | Growth (QoQ) |
Q2FY24 | Growth (YoY) |
||
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 9,666 | 11,799 | -18% | 11,895 | -19% | ||
| EBITDA | 2,033 | 2,593 | -22% | 2,130 | -5% | ||
| EBITDA % | 21% | 22% | 18% | ||||
| PAT | 972 | 1,346 | -28% | 1,021 | -5% | ||
| PAT % | 10% | 11% | 9% |
Financial and Business Summary for Q2FY25
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Revenue from Operations of Q2FY25 stood at INR 9,666 Mn., a decline of 19% YoY.
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▪ The Company has voluntarily paused production in the Gagillapur plant in Sep-24 to reassess the potential risk on account of the US FDA observations, if any. Subsequently in October, the production was resumed in a staggered manner.
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Revenue share from the North America increased to 79% in Q2 FY25 as compared to 67% in Q2 FY24.
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Finished dosages (FD), Active Pharmaceuticals Ingredients (API) and Pharmaceutical Formulation Intermediates (PFI) contributed 77%, 15%, and 8% of revenue from operations respectively for Q2FY25.
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ROCE is at 16.9% as compared to 12.9% YoY.
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Net debt stood at INR 7,973 mn and Net debt to EBITDA at 0.86x.
Commenting on the results, Dr Krishna Prasad Chigurupati, Chairman & Managing Director of Granules India Limited said , “Q2 sales were impacted by a voluntary pause in manufacturing and distribution from our Gagillapur facility. We delivered strong margins, supported by profitable formulations sales and a favourable product mix. Our operations also generated a healthy cash from operations of Rs. 2,007 million.”
About Granules India Ltd. (BSE: 532482, NSE: GRANULES)
Granules India Limited, incorporated in 1991 is a vertically integrated fast growing Indian pharmaceutical company headquartered at Hyderabad with best-in-class facilities and commitment to operational excellence, quality, and customer service. We are among the few pharmaceutical companies in the world to be present in the manufacturing of entire value chain – from Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), and Finished Dosages (FDs). Our products are being distributed to over 300+ customers in regulated and semi-regulated markets with a global presence extending to over 80+ countries with offices across India, US, and UK. The Company has 10 manufacturing facilities out of which 8 are in India and 2 in the USA and has regulatory approvals from US FDA, EDQM, EU GMP, COFEPRIS, WHO GMP, TGA, K FDA, DEA, MCC, and HALAL.
Safe Harbor
This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, and/or regulatory factors. Granules India Ltd., its directors, and any of the affiliates or employees are under no obligation to and expressly disclaims any such obligation to, update or alter its forwardlooking statements, whether as a result of new information, future events, or otherwise.
| Contacts: | |
|---|---|
| Granules IR Desk [email protected] |
Chaitanya Tummala 040-69043614 Company Secretary [email protected] |