The company had posted a net profit of Rs 83.24 crore for the corresponding period of the previous financial year, Granules India said in a filing to the BSE.
Its consolidated revenue from operations stood at Rs 735.59 crore for the quarter under consideration. It was Rs 595.27 crore for the same period a year ago, it added.
"This is the result of operational excellence and a vigilant watch over our margins through optimization of the products mix and by increased capacities and optimal capacity utilization," Granules India Chairman and MD Krishna Prasad Chigurupati said.
The company also declared its first interim dividend of 25 paise per share of the face value of Re 1 each representing 25% of paid-up capital for the FY20-21, Granules India said.
Shares of Granules India Ltd were trading at Rs 253.90 per scrip on the BSE, up 3.23% from its previous close.
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