Granules India Q4 results: Paracetamol, Ibuprofen makers profit misses analysts estimates; board announces 150% dividend
Granules India Q4 results, dividend news: Granules India - a Hyderabad-based pharma company that makes Paracetamol and Ibuprofen - reported a net profit of Rs 119.6 crore for the quarter ended March 2023, missing analysts estimates. Granules Indias board recommended a dividend of 150 per cent.
Granules India Q4 results: Granules India — a Hyderabad-based pharma company that makes painkiller drug Paracetamol and anti-inflammatory drug Ibuprofen — on Tuesday reported a net profit of Rs 119.6 crore for the quarter ended March 2023, missing analysts' estimates. The company's net profit marked an increase of 7.8 per cent compared with the corresponding period a year ago.
Granules India's quarterly revenue grew 16 per cent to Rs 1,195.5 crore, according to a regulatory filing, in line with Street expectations.
According to Zee Business research, the company's quarterly net profit was estimated at Rs 140 crore and revenue at Rs 1,137 crore.
Granules India dividend
The company's board recommended a final dividend of Re 1.5 per equity share of Re 1 — a 150 per cent payout.
Granules India dividend history
Granules India has paid a string of payouts over the past few years, including as many as 16 dividends in just five years.
| Dividend announcement | Ex-dividend date | Dividend type | Dividend amount (in rupees) |
| May 2022 | July 7, 2022 | Final | 75 |
| February 2022 | February 17, 2022 | Interim | 25 |
| November 2021 | November 24, 2021 | Interim | 25 |
| July 2021 | August 5, 2021 | Interim | 25 |
| May 2021 | July 28, 2021 | Final | 75 |
| January 2021 | February 8, 2021 | Interim | 25 |
| October 2020 | October 28, 2020 | Interim | 25 |
| June 2020 | August 5, 2020 | Final | 25 |
| July 2020 | July 28, 2020 | Interim | 25 |
| January 2020 | January 30, 2020 | Interim | 25 |
| October 2019 | October 31, 2019 | Interim | 25 |
| May 2019 | August 21, 2019 | Final | 25 |
| July 2019 | August 8, 2019 | Interim | 25 |
| January 2019 | February 7, 2019 | Interim | 25 |
| October 2018 | November 6, 2018 | Interim | 25 |
| May 2018 | August 29, 2018 | Final | 25 |
Granules India shares: Historical performance
Granules India shares lost 8.8 per cent of their value in the March quarter, a period in which the Nifty 50 index declined 4.1 per cent.
The stock finished 2022 with a loss of 19.8 per cent, worse than a five per cent fall in the headline index.
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