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Granules India’s consolidated net profit declined at Rs 22.39 crore in the fourth quarter ended March 31, 2015, compared to Rs 23.62 crore in the year-ago period.
The revenue of the Hyderabad-based company increased 12 per cent at Rs 355 crore.
For the full year 2014-15, the profit increased 21 per cent at Rs 91 crore compared to Rs 75 crore in the year-ago period. The revenue grew 18 per cent at Rs 1,293 crore (Rs 1,096 crore)
The board of directors has proposed a dividend of 50 paise for a share, representing 50 per cent of the paid-up capital for the financial year 2014-15.
“The past year was exciting for Granules because we bolstered new growth opportunities while reinforcing our foundation. Our push to diversify into higher value products was boosted by the inauguration of a world-class API facility in Vizag with our partner, Ajinimoto OmniChem,’’ Krishna Prasad, Chairman & Managing Director of Granules India said in a release issued here on Monday.
``In addition, our team was successful in turning around Auctus during the fourth quarter and we anticipate operations will continue to improve,’’ he added.
The company’s scrip declined 5.44 per cent on the Bombay Stock Exchange to end at Rs 85.20 on Monday.
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