Granules India Profit Surges 40 Percent
Granules India posted a nearly forty percent rise in second-quarter profit as strong overseas demand offset higher production costs. Total revenue climbed to 15.60 billion rupees, driven largely by robust sales in North American markets.
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Granules India Ltd posted a second-quarter consolidated net profit rise of nearly 40% to 1.82 billion rupees ($19.19 million) on Monday morning. The profit surge came as strong overseas demand and new product launches offset higher production expenses. Revenue climbed 20.3% to 15.60 billion rupees for the quarter ended September 30 compared to 1.31 billion rupees a year earlier.
