Granules India Ltd's consolidated net profit increased 15 per cent to Rs 27 crore in the third quarter ended December 2015 compared with Rs 24 crore in the same period last year.
Total revenue of the Hyderabad-based company grew 8 per cent to Rs 345 crore.
The board has approved the payment of third interim dividend of 15 paise per share of the face value of Rs 1 each for the financial year 2015-16.
"Though we have achieved moderate top line growth this quarter, the margin profiles have expanded through manufacturing efficiency and optimisation of product mix. We expect our margins to further improve as our sales shift more to formulations, better capacity utilisation and higher value products,’’ C Krishna Prasad, Chairman and Managing Director of Granules India,’’ said in a release.
Granules' s script lost 5.53 per cent and was trading at Rs 113.65 on the Bombay Stock Exchange on Thursday.