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    HomeNewsBusinessGranules India Q1 PAT seen up 54.7% YoY to Rs 99.2 cr: KRChoksey

    Granules India Q1 PAT seen up 54.7% YoY to Rs 99.2 cr: KRChoksey

    Net Sales are expected to decrease by 9.5 percent Y-o-Y (down 22.4 percent Q-o-Q) to Rs 666 crore, according to KRChoksey.

    Broker Research
    July 13, 2021 / 11:55 IST
    Granules stock rose 7 percent on July 9 to close at Rs 366.4 on speculation that the company's promoters are selling out.

    Granules stock rose 7 percent on July 9 to close at Rs 366.4 on speculation that the company's promoters are selling out.

     
     
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    KRChoksey has come out with its first quarter (April-June’ 21) earnings estimates for the Pharma sector. The brokerage house expects Granules India to report net profit at Rs 99.2 crore up 54.7% year-on-year (down 39.4% quarter-on-quarter).

    Net Sales are expected to decrease by 9.5 percent Y-o-Y (down 22.4 percent Q-o-Q) to Rs 666 crore, according to KRChoksey.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 2.6 percent Y-o-Y (down 30.3 percent Q-o-Q) to Rs 178.7 crore.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    Broker Research
    first published: Jul 13, 2021 11:55 am

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