Granules India quarterly results and financials

Granules India (GRANULES)₹799.20−0.17%(9 Nov 2026 close)Pharmaceuticals

Key facts

In the Jun 2026 quarter (consolidated), Granules India reported sales of ₹1,472 Cr, up 22.3% from Jun 2025, and net profit of ₹179 Cr, up 59.3% year on year. For the year to Mar 2026, sales were ₹5,343 Cr and net profit ₹593 Cr.

Sales (Jun 2026): ₹1,472 Cr
Net profit (Jun 2026): ₹179 Cr
Sales (FY Mar 2026): ₹5,343 Cr
Net profit (FY Mar 2026): ₹593 Cr
EPS (Jun 2026): ₹7.28
Borrowings (Mar 2026): ₹1,511 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Granules India quarterly results

₹ crore unless stated; each column is a quarter.

Granules India Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,185	1,152	1,172	1,176	964	1,134	1,192	1,204	1,293	1,382	1,465	1,472
Expenses	976	904	919	920	762	906	945	962	1,018	1,079	1,117	1,137
Operating Profit	213	250	256	260	203	231	253	248	279	309	353	340
OPM %	17.9%	21.9%	22.0%	21.9%	20.9%	19.9%	20.9%	19.9%	20.9%	22.0%	24.0%	23.0%
Other Income	2.01	1.01	2.01	2.01	3.01	6.02	33.05	−10.02	−1.01	−4.01	25.07	2.01
Interest	26.03	29.04	29.03	27.01	26.03	27.01	24.04	24.01	29.01	29.04	33.05	21.02
Depreciation	53.21	52.19	53.16	53.16	53.15	57.22	64.18	69.20	72.20	74.32	82.27	80.29
Profit before tax	136	170	176	181	128	153	198	145	176	202	262	240
Tax %	25.0%	26.1%	26.1%	26.1%	24.1%	23.1%	23.0%	22.0%	26.0%	26.1%	23.0%	25.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	20.99	−19.01	0.00	0.00	12.01	0.00
Net Profit	102	126	130	135	96.69	118	152	113	130	150	201	179
EPS (Rs)	4.22	5.20	5.37	5.57	4.02	4.86	6.29	4.65	5.40	6.21	8.15	7.28

Granules India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Granules India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,351	1,405	1,680	2,272	2,589	3,224	3,748	4,496	4,490	4,463	5,343	5,612
Expenses	1,079	1,112	1,406	1,892	2,070	2,381	3,033	3,595	3,645	3,533	4,171	4,352
Operating Profit	276	300	279	385	527	858	728	916	859	950	1,191	1,280
OPM %	19.9%	21.0%	16.9%	16.9%	19.9%	25.9%	18.9%	20.0%	19.0%	20.9%	22.0%	22.8%
Other Income	5.01	35.06	27.04	75.16	90.18	26.07	13.02	12.03	2.01	41.06	7.02	22.06
Interest	37.01	32.02	33.01	28.01	27.02	26.03	23.01	56.01	106	103	114	112
Depreciation	58.19	72.31	76.21	105	137	152	160	185	208	227	297	309
Profit before tax	186	230	196	326	451	705	558	687	547	660	785	880
Tax %	33.0%	28.0%	32.0%	27.0%	26.0%	22.0%	26.0%	25.0%	26.1%	24.0%	24.0%	—
Exceptional items	0.00	1.01	0.00	0.00	20.01	0.00	−4.01	−0.99	−2.01	35.99	−10.01	12.01
Net Profit	123	164	133	235	334	547	412	515	404	500	593	660
EPS (Rs)	5.69	7.21	5.24	9.33	13.22	22.23	16.69	21.38	16.78	20.74	24.06	27.04
Dividend payout %	11.0%	13.0%	19.1%	11.1%	8.0%	7.0%	9.0%	7.0%	9.0%	7.0%	7.0%	—

Granules India balance sheet

₹ crore, at each year end.

Granules India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19.92	21.91	22.90	24.91	24.89	24.89	24.90	24.91	23.89	23.91	23.89	24.90
Reserves	412	640	881	1,279	1,505	1,818	2,148	2,562	2,809	3,203	3,691	5,062
Borrowings	482	640	656	977	990	891	848	1,105	1,134	1,314	1,454	1,511
Other Liabilities	288	259	317	386	456	485	687	815	928	952	1,046	1,081
Total Liabilities	1,202	1,561	1,877	2,668	2,976	3,220	3,707	4,507	4,894	5,493	6,216	7,679
Fixed Assets	618	561	645	778	946	1,206	1,335	1,544	1,913	2,101	2,431	3,258
CWIP	62.01	77.03	267	515	497	294	239	356	239	272	441	410
Investments	0.00	69.78	108	157	210	18.95	18.96	19.96	20.93	21.93	21.96	0.99
Other Assets	522	853	856	1,218	1,323	1,701	2,114	2,586	2,721	3,099	3,322	4,010
Inventories	225	253	268	279	383	437	780	977	1,147	1,298	1,340	1,669
Trade receivables	137	375	418	628	675	662	765	925	949	986	943	909
Cash & equivalents	65.16	130	50.10	116	89.15	285	272	409	314	387	597	950
Total Assets	1,202	1,561	1,877	2,668	2,976	3,220	3,707	4,507	4,894	5,493	6,216	7,679

Granules India cash flow

₹ crore, for each year.

Granules India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	149	150	187	−0.99	261	474	431	331	736	437	864	791
Cash from investing activity	−146	−162	−326	−462	−270	−160	−277	−379	−192	−358	−689	−758
Cash from financing activity	19.07	86.28	56.16	531	−17.04	−214	−300	191	−441	8.02	−93.28	380
Net cash flow	24.02	75.04	−82.01	66.05	−25.01	103	−144	143	107	90.07	84.99	414
Capex	148	162	316	445	278	184	270	397	410	380	570	556
Free cash flow	3.01	−10.03	−127	−448	−17.04	293	161	−65.17	328	61.15	298	240
CFO / OP %	87.0%	72.0%	83.0%	21.0%	91.0%	113.0%	73.0%	66.0%	100.0%	73.0%	107.0%	87.0%

Granules India ratios

Working-capital days and returns, by year.

Granules India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	39	101	108	136	108	93	86	90	77	80	77	62
Inventory days	110	128	145	114	112	125	205	190	182	235	284	326
Days payable	91	90	115	111	93	101	141	123	123	134	153	130
Cash conversion cycle	56	137	136	137	125	115	149	155	134	178	206	255
Working capital days	6	9	−2	42	48	63	62	44	36	35	42	49
ROCE %	19.0%	20.0%	18.0%	12.0%	15.0%	17.0%	25.0%	17.0%	19.0%	15.0%	15.0%	16.0%

Granules India: frequently asked questions

What are the latest quarterly results of Granules India?

For the Jun 2026 quarter, Granules India reported sales of ₹1,472 Cr, up 22.3% year on year and net profit of ₹179 Cr, up 59.3% year on year. The operating margin was 23.0%.

What is the annual revenue of Granules India?

Granules India's sales for the year to Mar 2026 were ₹5,343 Cr; over the last twelve months they were ₹5,612 Cr.

What is the net profit of Granules India?

Net profit for the year to Mar 2026 was ₹593 Cr, and ₹660 Cr over the last twelve months. Earnings per share over the same trailing period were ₹27.04.

How much debt does Granules India have?

Granules India reported borrowings of ₹1,511 Cr at Mar 2026, against cash and equivalents of ₹950 Cr.

What is the free cash flow of Granules India?

Cash from operations was ₹791 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹240 Cr.

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