Granules India Posts Rs 21-cr Net FY11, Down 30 Pc

City-based Granules India Ltd., a vertically integrated manufacturer Design posted Rs 21 crore net profit for the financial year 2010-11, 30 per cent to Rs 30 crore net fall, it was reported in the previous financial year.

But the company's revenue rose from Rs 461 crore rupees for the year from 10 to 476 crore in FY11, a marginal growth of four percent. Basic EPS also decreased to Rs 10.42, against the previous year Rs. 15.14

"Revenue growth was driven by the pharmaceutical division was over, which contributed Rs 101. Crore, an increase of 170 percent. During the year had finished dosage division strengthened by the approval of two ANDAs granules to participate in the lucrative U.S. market finished dosages. Granules increase its capacity over dosage to meet the demand for existing contracts that ramp for the current fiscal, "a statement said company.