See minimum 20% topline growth, Rs 9 as EPS for FY18: Granules India

For the fourth quarter ended March 2018, Granules India showed a subdued revenue growth but margins looked steady. Profit was supported by income from the OmniChem joint venture.

C Krishna Prasad, MD, Granules India speaking about the quarter’s performance and the outlook going forward said for the full year FY18 they expect a minimum of 20 percent topline growth and bottomline in a proportionate way. The fair estimate for FY18 EPS would be Rs 9, he said. The FY17 EPS came in at Rs 7.48.