Granules India to pay 33%

Our Bureau Hyderabad | Updated on November 16, 2017 Published on July 02, 2012

The shareholders of Granules India Ltd approved a 33 per cent increase in dividend at its annual general meeting. The dividend was increased to 20 per cent or Rs 2 a share from Rs 1.50 a share. “The increase in our dividend reflects the continued confidence we have in the performance of our business, future growth prospects, and our commitment to providing good return to our shareholders,’’ Mr Krishna Prasad, Managing Director, Granules India, said in a release. The Hyderabad-based company’s consolidated net revenue increased by 38 per cent to Rs 653 crore and net profit grew by 43 per cent to Rs 30 crore during 2011-12, he added.

Published on July 02, 2012
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