Granules India Limited — quarter and year ended March 31, 2026 (board meeting outcome dated April 29, 2026)
| Sl No. | Particulars | Quarter ended 31-Mar-26 | Quarter ended 31-Dec-25 | Quarter ended 31-Mar-25 | Year ended 31-Mar-26 | Year ended 31-Mar-25 |
|---|---|---|---|---|---|---|
| Audited (refer note 13) | Un-Audited | Audited (refer note 13) | Audited | Audited | ||
| Income | ||||||
| 1 | Revenue from operations | |||||
| (a) Sale of products | 8,480.26 | 8,692.04 | 7,304.64 | 33,918.51 | 29,675.73 | |
| (b) Other operating revenue | 287.95 | 261.14 | 375.62 | 821.09 | 625.90 | |
| Total revenue from operations | 8,768.21 | 8,953.18 | 7,680.26 | 34,739.60 | 30,301.63 | |
| 2 | Other income | 166.87 | 120.79 | 304.85 | 498.03 | 406.80 |
| 3 | Total income (1+2) | 8,935.08 | 9,073.97 | 7,985.11 | 35,237.63 | 30,708.43 |
| Expenses | ||||||
| 4 | (a) Cost of materials consumed | 3,959.93 | 3,878.04 | 3,423.05 | 15,052.72 | 13,738.97 |
| (b) Changes in inventories of work in progress and finished goods | (43.68) | 41.24 | 13.24 | 76.81 | (297.98) | |
| (c) Employee benefit expenses | 1,074.08 | 1,054.93 | 965.20 | 4,231.30 | 3,823.44 | |
| (d) Finance costs | 157.10 | 154.02 | 134.87 | 614.38 | 627.80 | |
| (e) Depreciation and amortisation expense | 436.40 | 405.85 | 379.73 | 1,644.73 | 1,462.30 | |
| (f) Other expenses | 2,030.41 | 2,036.12 | 2,109.62 | 8,137.95 | 7,389.16 | |
| Total expenses | 7,614.24 | 7,570.20 | 7,025.71 | 29,757.89 | 26,743.69 | |
| 5 | Profit before exceptional items and tax (3-4) | 1,320.84 | 1,503.77 | 959.40 | 5,479.74 | 3,964.74 |
| 6 | Exceptional items (refer note 7) | – | – | 307.50 | (121.60) | 307.50 |
| 7 | Profit before tax (5+6) | 1,320.84 | 1,503.77 | 1,266.90 | 5,358.14 | 4,272.24 |
| 8 | Tax expense | |||||
| (a) Current tax | 285.56 | 404.89 | 388.18 | 1,351.55 | 1,098.79 | |
| (b) Deferred tax | 45.41 | (16.94) | (61.82) | (0.08) | (19.91) | |
| Total tax expense | 330.97 | 387.95 | 326.36 | 1,351.47 | 1,078.88 | |
| 9 | Profit for the period/year (7-8) | 989.87 | 1,115.82 | 940.54 | 4,006.67 | 3,193.36 |
| 10 | Other comprehensive income (net of tax) | |||||
| (a) (i) items that will not be reclassified to profit or loss | 21.24 | – | 20.92 | 21.24 | 20.92 | |
| (a) (ii) income tax on (i) above | (5.35) | – | (5.27) | (5.35) | (5.27) | |
| (b) (i) items that will be reclassified to profit or loss | (335.26) | (28.13) | 160.53 | (497.54) | 33.67 | |
| (b) (ii) income tax on (i) above | 84.39 | 7.09 | (40.40) | 125.23 | (8.47) | |
| Total other comprehensive income, net of tax | (234.98) | (21.04) | 135.78 | (356.42) | 40.85 | |
| 11 | Total comprehensive income (9+10) | 754.89 | 1,094.78 | 1,076.32 | 3,650.25 | 3,234.21 |
| 12 | Paid-up equity share capital (Face value of Rs.1/- per share) | 247.80 | 242.67 | 242.54 | 247.80 | 242.54 |
| 13 | Other equity | 43,743.36 | 33,787.56 | |||
| 14 | Earnings per share (Face value Rs. 1/- each) | |||||
| (a) Basic (in Rs.) | 4.04 | 4.60 | 3.88 | 16.48 | 13.17 | |
| (b) Diluted (in Rs.) | 4.04 | 4.60 | 3.88 | 16.47 | 13.17 | |
| (Not annualised) | (Not annualised) | (Not annualised) | (Annualised) | (Annualised) |
| Sl. No. | Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|---|
| I | ASSETS | ||
| Non-current assets | |||
| a) Property, plant and equipment | 13,410.02 | 12,738.02 | |
| b) Capital work-in-progress | 1,174.70 | 1,202.47 | |
| c) Other intangible assets | 263.80 | 447.46 | |
| d) Intangible assets under development | 1.71 | 5.38 | |
| e) Right-of-use assets | 854.37 | 864.53 | |
| f) Financial assets | |||
| – i) Investments | 20,298.22 | 12,815.30 | |
| – ii) Other financial assets | 171.15 | 173.20 | |
| g) Income tax assets (net) | 90.38 | 9.16 | |
| h) Other non-current assets | 592.49 | 394.07 | |
| Total non-current assets | 36,856.84 | 28,649.59 | |
| Current assets | |||
| a) Inventories | 6,262.13 | 6,484.85 | |
| b) Financial assets | |||
| – i) Trade receivables | 12,470.22 | 12,945.28 | |
| – ii) Cash and cash equivalents | 2,100.93 | 1,523.40 | |
| – iii) Bank balances other than cash and cash equivalents above | 660.51 | 179.96 | |
| – iv) Other financial assets | 65.09 | 42.86 | |
| c) Other current assets | 1,397.07 | 1,692.79 | |
| Total current assets | 22,955.95 | 22,869.14 | |
| TOTAL ASSETS | 59,812.79 | 51,518.73 | |
| II | EQUITY AND LIABILITIES | ||
| Equity | |||
| a) Equity share capital | 247.80 | 242.54 | |
| b) Other equity | 43,743.36 | 33,787.56 | |
| Total equity | 43,991.16 | 34,030.10 | |
| Liabilities | |||
| Non-current liabilities | |||
| a) Financial liabilities | |||
| – Lease liabilities | 881.73 | 864.94 | |
| b) Provisions | 226.11 | 315.03 | |
| c) Deferred tax liabilities (net) | 184.33 | 304.29 | |
| Total non-current liabilities | 1,292.17 | 1,484.26 | |
| Current liabilities | |||
| a) Financial liabilities | |||
| – i) Borrowings | 7,336.80 | 8,081.93 | |
| – ii) Lease liabilities | 62.46 | 40.05 | |
| – iii) Trade payables | |||
| — (a) Total outstanding dues of micro enterprises and small enterprises | 107.06 | 60.31 | |
| — (b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 4,801.60 | 6,071.29 | |
| – iv) Other financial liabilities | 1,593.74 | 1,199.20 | |
| b) Other current liabilities | 108.22 | 122.86 | |
| c) Provisions | 487.08 | 309.31 | |
| d) Income tax liabilities (net) | 32.50 | 119.42 | |
| Total current liabilities | 14,529.46 | 16,004.37 | |
| Total liabilities | 15,821.63 | 17,488.63 | |
| TOTAL EQUITY AND LIABILITIES | 59,812.79 | 51,518.73 |
| Particulars | For the year ended March 31, 2026 (Audited) | For the year ended March 31, 2025 (Audited) |
|---|---|---|
| Cash flow from operating activities | ||
| Profit before tax | 5,358.14 | 4,272.24 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 1,644.73 | 1,462.30 |
| Bad debts written off | – | 17.03 |
| Impairment losses on financial instruments | 8.09 | 40.00 |
| Allowance for doubtful advances and deposits | 16.25 | 3.32 |
| Loss on sale/disposal of property, plant and equipment (net) | 0.84 | 18.24 |
| Gain on termination of leases | (1.31) | – |
| Changes in fair value of cashflow hedges | 115.21 | 108.82 |
| Gain from voluntary liquidation of subsidiary | – | (4.04) |
| Gain from sale of investments | – | (0.14) |
| Net loss/(gain) on foreign exchange fluctuations (unrealised) | (98.05) | 40.74 |
| Finance costs | 614.38 | 627.80 |
| Interest income | (27.58) | (21.17) |
| Operating profit before working capital changes | 7,630.70 | 6,565.14 |
| Movements in working capital: | ||
| Decrease in trade receivables | 1,021.36 | 3,215.25 |
| (Increase)/decrease in inventories | 222.72 | (698.70) |
| Decrease in other assets | 266.88 | 144.30 |
| Decrease in trade payables, other liabilities and provisions | (1,188.78) | (90.64) |
| Cash generated from operations | 7,952.88 | 9,135.35 |
| Direct taxes paid (net of refunds) | (1,519.69) | (908.29) |
| Net cash generated from operating activities (A) | 6,433.19 | 8,227.06 |
| Cash flow used in investing activities | ||
| Purchase of property, plant and equipment, intangible assets including capital work-in-progress, intangible assets under development, capital advances and payables for capital goods | (2,520.56) | (2,108.95) |
| Proceeds from sale of property, plant and equipment | 125.77 | 62.15 |
| Movement in other bank balances | (481.75) | (128.93) |
| Proceeds from sale of investments | – | 0.15 |
| Proceeds from voluntary liquidation of subsidiary | – | 4.05 |
| Investment in subsidiaries | (7,482.92) | (3,401.34) |
| Loans repaid by subsidiaries | – | 27.48 |
| Interest received | 27.66 | 21.06 |
| Net cash used in investing activities (B) | (10,331.80) | (5,524.33) |
| Cash flow from/(used in) financing activities | ||
| Proceeds from issuance of equity shares | 3,018.53 | 49.98 |
| Proceeds from issuance of share warrants | 3,656.25 | – |
| Repayment of non-current borrowings | (557.86) | (997.94) |
| Repayment of current borrowings (net) | (649.46) | (1,424.11) |
| Repayment of lease liabilities (including related interest) | (121.54) | (91.45) |
| Finance cost paid | (538.66) | (571.18) |
| Dividend paid on equity shares | (363.97) | (363.55) |
| Net cash (used in)/generated from financing activities (C) | 4,443.29 | (3,398.25) |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | 544.68 | (695.52) |
| Effect of exchange differences on translation of foreign currency cash and cash equivalents | 32.85 | ( |