SENSEX NIFTY
Jan 20, 2007, 11.29 AM IST | Source: Moneycontrol.com

Granules ties up with GSK Healthcare R&D

Granules India Ltd has signed its first Master Services Agreement with GlaxoSmithKline Consumer Healthcare R&D for product development recently.

Hyderabad , Jan. 19

Granules India Ltd has signed its first Master Services Agreement with GlaxoSmithKline Consumer Healthcare R&D for product development recently.

The agreement is part of the company's venture into contracts for product development with various partner companies, according to Mr Krishna Prasad, Managing Director.

The Hyderabad-based pharmaceutical formulation intermediates (PFIs) company has reported a 37.43 per cent jump in net profit at Rs 3.05 crore for the quarter ended December 31, 2006 against Rs 2.22 crore in the corresponding quarter last year.

Net sales during the quarter grew by 12.98 per cent to Rs 50.21 crore, compared with Rs 44.44 crore in the corresponding quarter of last fiscal.

Explaining the company's performance, Mr Krishna Prasad said Metformin API (active pharmaceutical intermediates) and PFIs have largely contributed to the growth. During the review period, Granules India also signed a memorandum of understanding with Hubei Biocause Hellen Pharmaceutical Company (Biocause) of China. It acquired a 50 per cent stake in the company to manufacture APIs, starting with Ibuprofen, of which Biocause is one of the biggest manufacturers and exporters globally.

The company also signed an MoU with PharmaMatch to develop, manufacture and market formulations in the European market jointly.

Taken from Business Line

thehindubusinessline.in

Granules India stock price

On December 19, 2014, at 12:01 hrs Granules India was quoting at Rs 745.75, up Rs 1.60, or 0.22 percent. The 52-week high of the share was Rs 940.55 and the 52-week low was Rs 189.00.


The company's trailing 12-month (TTM) EPS was at Rs 47.68 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 15.64. The latest book value of the company is Rs 168.46 per share. At current value, the price-to-book value of the company is 4.43.

Set email alert for
Granules India GlaxoSmith Con

ADS BY GOOGLE

video of the day

Rupee weakness modest, see yields at 7.60% in Q1: Deutsche

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.