Granules India expects to cross guidance despite lockdowns

In a call with analysts, Granules management were positive about the company's performance, saying that the firm's current quarter met the guidance. On the coronavirus impact, management noted, "There definitely will be some impact, but we expect the year to close by crossing guidance of achieving a bottom line of Rs 300 crores". Despite the situation in China, Granules noted minor effects - while production and dispatches ran normally, with the introduction of the national lockdown, some of the trucks that have been dispatched will not reach the ports in time. So this month’s sales will be impacted. If the lockdown is lifted on the 14th of April as proposed, Granules India said they would be able to make up and achieve normal numbers. Even if it continues till the end of April, the company says it would still be able to achieve the guidance of 25% CAGR . Production slowed down from last Sunday, but the situation according to management is stable, as the government had declared pharmaceutical manufacturing as an essential activity and allowed work. However, for the period of the 21 day lock down, till the 14th of April, the pace has been slower due to shortage of staff and the social distancing norms. Local logistics for incoming and outgoing material has been a challenge - but incoming material from China is normal till the Indian ports. The local logistics are the key bottleneck.
27-03-2020
Bigul

GRANULES INDIA LTD.-$ - 532482 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Information Provided by the Management of Granules India Limited during open conference call
26-03-2020
Bigul

GRANULES INDIA LTD.-$ - 532482 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 26, 2020 for Krishna Prasad Chigurupati
26-03-2020
Bigul

Granules India - Management Call on COVID Impact

Call with Granules India Management and Analysts on COVID-19 Impact on Business
26-03-2020
Bigul

GRANULES INDIA LTD.-$ - 532482 - Intimation Of Schedule Of The Investor Meeting

Intimation of Schedule of the Investor Meeting
18-03-2020
Bigul

GRANULES INDIA LTD.-$ - 532482 - Announcement under Regulation 30 (LODR)-Public Announcement-Buyback of Shares

Newspaper publication - Public Announcement relating to buyback of Equity Shares of the Company
12-03-2020

Granules India share price gains 7% on buyback approval

The buyback committee has approved March 20, 2020 as the record date.
11-03-2020
Bigul

GRANULES INDIA LTD.-$ - 532482 - Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015)

Granules India Ltd has informed BSE regarding the details of Voting results of Postal Ballot, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here
11-03-2020
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