Granules India Q4 results preview: Hyderabad-based pharma company Granules India, which makes painkiller drug Paracetamol, is all set to report its financial results for the quarter ended March 2023 on Tuesday, May 16. Analysts expect the drug maker's active pharmaceutical ingredients (API) and finished dosage formulation (FDF) segments to support its overall growth. 

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According to Zee Business research, Granules India — which also manufactures anti-inflammatory drug Ibuprofen — is likely to report a net profit of Rs 140 crore for the January-March period, which translates to year-on-year growth of more than 26 per cent. 

The analysts peg the company's revenue growth at 10 per cent to Rs 1,137 crore.

Granules India is estimated to report an 18 per cent increase in earnings before interest, taxes, depreciation and ammortisation (EBITDA) to Rs 227 crore, according to the research.

Its margin is likely to improve by 130 basis points (1.3 percentage points) to 20 per cent compared with the year-ago period. 

Investors will closely track the company's performance in its core molecules unit. The company earns the lion's share of its revenue from core molecules such as Paracetamol, Metformin and Guaifenesin. They will also look out for any clarity on the company's capital expenditure (capex) related to Greenko. 

Granules India is in a strategic partnership with renewable energy group Greenko to develop integrated green pharma zones.

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. 

Will Granules India also announce a dividend on May 16?

Granules India dividend history

Granules India has a history of rewarding its shareholders regularly, having paid a string of payouts over the past few years. 

In the past five years, the company has paid 16 dividends.

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

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