Granules India Limited reported audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the consolidated net sales were INR 2,043.833 million against INR 1,880.905 million for the same period of last year. Profit from operations before other income, interest & exceptional items was INR 213.638 million against INR 197.35 million for the same period of last year. Net profit for the period was INR 124.127 million or INR 6.02 per diluted share against INR 163.783 million or INR 8.13 per diluted share for the same period of last year. For the year, the consolidated net sales were INR 7,643.730 million against INR 6,539.659 million for the same period of last year. Profit from operations before other income, interest & exceptional items was INR 619.353 million against INR 585.9 million for the same period of last year. Net profit for the period was INR 325.673 million or INR 15.78 per diluted share against INR 299.528 million or INR 14.87 per diluted share for the same period of last year. For the quarter, the standalone net sales were INR 1,789.504 million against INR 1,654.233 million for the same period of last year. Profit from operations before other income, interest & exceptional items were INR 196.351 million against INR 177.076 million for the same period of last year. Net profit for the period was INR 110.931 million or INR 5.38 per diluted share against INR 147.828 million or INR 2.96 per diluted share for the same period of last year. For the year, the standalone net sales were INR 6,797.970 million against INR 5,626.777 million for the same period of last year. Profit from operations before other income, interest & exceptional items was INR 588.486 million against INR 546.23 million for the same period of last year. Net profit for the period was INR 301.753 million or INR 14.62 per diluted share against INR 273.064 million or INR 13.56 per diluted share for the same period of last year.

Granules India Limited announced the completion of the expansion at its Gagillapur Facility. The Company has Commenced operations of the new capacity and expects to scale up operations over the next several months. Due to the delay in the scale-up of the new capacity, margins slipped since the Company incurred costs to run the new facility without a concurrent increase in production. The Company expects margins to increase since production is increasing at the facility.

Granules India Ltd. has informed that the Board of Directors of the Company at its meeting held on April 25, 2013, has recommended a final dividend of INR 2.00 per share representing 20% of Paid Up Capital for the financial year 2012-13.