Granules India Limited — Updates, 06-11-2024: Press Release

Granules India Ltd. reported Q2FY25 revenue of INR 9,666 million, reflecting a 19% YoY decline. EBITDA decreased by 5% YoY to INR 2,033 million, with PAT also down 5% to INR 972 million. The company's revenue share from North America rose to 79%. Production at the Gagillapur plant was paused in September due to potential FDA observations but resumed in October. Despite challenges, the company achieved a ROCE of 16.9% and a net debt of INR 7,973 million.