Granules India’s Q3 consolidated net rises by 42%

Granules India has reported results for its third quarter ended December 31, 2011.

The company’s net profit declined by 4.94%, to Rs 5.96 crore in the third quarter ended December 31, 2011 compared with Rs 6.27 crore in the year-ago period. Net sales grew 41.20% to Rs 155.56 crore in the quarter under review as compared with Rs 110.17 crore in the same quarter last year.

The company’s consolidated net profit increased 41.92%, to Rs 7.99 crore in the third quarter ended December 31, 2011 compared with Rs 5.63 crore in the year-ago period. Net sales grew 45% to Rs 185.72 crore in the quarter under review as compared with Rs 128 crore in the same quarter last year.