UNAUDITED FINANCIAL RESULTS  - STANDALONE
FOR THE QUARTER  ENDED 30th JUNE, 2009
Rs. Lakhs
Sl  No. Particulars 3 months ended              30th June, 2009 Corresponding          3 months ended in the previous year           30th June, 2008  Previous accounting period 9 months ended  31st March, 2009 
     Unaudited  Unaudited Audited 
1 Net sales / Income from Operations                    8,736.74                    6,170.70                      25,387.36
2 Expenditure      
  a) (Increase)/decrease in finished goods      
           and work in progress                       (69.18)                     (276.94)                          (134.33)
  b) Consumption of Raw Materials                    5,548.04                    3,976.42                      15,713.29
  c) Manufacturing Expenses                       553.25                      410.66                        1,590.85
  d) R &  D Expenses                        64.45                        41.92                           278.44
  e) Employee cost                       542.05                      361.57                        1,374.72
  f) Administrative Expenses                       316.12                      221.23                           956.55
  g) Selling & Distribution Expenses                       624.05                      433.43                        1,566.81
  h) Depreciation                       391.03                      250.06                           974.79
  i) Other expenditure                        14.24                          9.60                            21.79
        Total                    7,984.05                    5,427.95                      22,342.91
3 Other Income                         (8.16)                       (10.91)                           (85.47)
4 Profit before Interest and Exceptional Items                       760.85                      753.66                        3,129.92
5 Interest and Finance charges                       490.80                      335.55                        1,453.83
6 Profit after Interest but before exceptional items                       270.05                      418.11                        1,676.09
7 Foreign Exchange Fluctuations (gain)/loss                      (467.66)                        74.50                           890.41
8 Profit before taxation                       737.71                      343.61                           785.68
9  Tax expense       
            Current Tax Expense                         125.38                        39.10                            89.02
            Deferred Tax Expense                          (7.52)                        30.98                           180.25
            Fringe Benefit Tax                              -                            3.26                              7.88
10  Net Profit                        619.85                      270.27                           508.53
11  Paid-up share capital                     2,005.72                    2,005.72                        2,005.72
      (Face Value of Rs.10/- each)      
12 Reserves excluding Revaluation Reserve                             -                               -                        16,402.74
13 Basic Earnings per share (Rs.)*                          3.09                          1.35                              2.54
14 Basic Earnings per share (Annualised) (Rs.)*                             -                               -                                3.39
15 Diluted Earnings per share (Rs.)*  -                           1.25                                 -  
16 Public Shareholding      
    - No. of shares                12,616,739                13,547,423                    12,620,942
    - Percentage of shareholding 62.90% 67.54% 62.92%
17 Promoters and promoter group      
  Shareholding      
  a) Pledged/Encumbered      
       Number of shares                  1,623,000                             -                        1,522,650
      Percentage of shares to promoter group 23.63%                             -   22.19%
      Percentage of shares to total capital  8.09%                             -   7.59%
  b) Non-encumbered      
       Number of shares                  5,244,375                             -                        5,340,522
      Percentage of shares to promoter group 76.37%                             -   77.81%
      Percentage of shares to total capital  26.14%                             -   26.62%
* Not Annualised for quarter ending
NOTES :
1) The above  results were reviewed by the Audit Committee and approved by the Board at its meeting 
    held on 25th July , 2009 and were subjected to limited review by Statutory Auditors.
2) Foreign Exchange Fluctuations (gain) of Rs.467.66 lakhs (net) for the quarter includes re-statement
    of foreign currency loans, receivables and payables.    As per the amendment dated 31-3-2009 to 
    Companies (Accounting Standards) Rules 2006,  the enterprise is given the option either to continue  
    with the provisions of Accounting Standard 11 - The Effects of Changes in Foreign Exchange Rates 
    or capitalise exchange differences (gain/(loss)) arising on reporting of long term foreign currency 
    monetary items so far as they relate to the acquisition of a depreciable capital asset.  The Company 
    has opted to continue with the existing practice of charging of exchange differences on long term 
    foreign currency monetary items.
3) The company has received 20 complaints from investors during the quarter 1st April '09 to 
    30th June, 09 and all were resolved. No complaints were pending from previous quarter.
4) The Company operates only in the segment of Pharmaceuticals.
5) Figures are regrouped wherever necessary.
 for and on behalf of the Board 
Place  : Hyderabad        Dr.C.Nageswara Rao 
Date   :  25.07.2009                Chairman 
GRANULES INDIA LIMITED
Regd Office : 2nd Floor, 3rd Block, My Home Hub
Madhapur, Hyderabad 500 081
UNAUDITED FINANCIAL RESULTS - CONSOLIDATED
FOR THE QUARTER  ENDED 30th JUNE, 2009
Rs. Lakhs
Sl  No. Particulars 3 months ended              30th June, 2009  Previous accounting period 9 months ended  31st March, 2009 
     Unaudited Audited 
1 Net sales / Income from Operations                   10,591.92                         28,825.09
2 Expenditure    
  a) (Increase)/decrease in finished goods    
           and work in progress                       204.40                             208.60
  b) Consumption of Raw Materials                    6,355.98                         17,442.32
  c) Manufacturing Expenses                       773.40                          1,986.67
  d) R &  D Expenses                         67.33                             278.44
  e) Employee cost                       670.46                          1,757.07
  f) Administrative Expenses                       370.37                          1,108.89
  g) Selling & Distribution Expenses                       631.25                          1,754.65
  h) Depreciation                       459.93                          1,180.05
  i) Other expenditure                         14.24                               21.79
        Total                    9,547.36                         25,738.51
3 Other Income                        (21.90)                            (102.45)
4 Profit before Interest and Exceptional Items                    1,066.46                          3,189.03
5 Interest and Finance charges                       519.57                          1,570.23
6 Profit after Interest but before exceptional items                       546.89                          1,618.80
7 Foreign Exchange Fluctuations (gain)/loss                      (465.19)                             924.19
8 Profit before taxation                    1,012.07                             694.61
9  Tax expense     
            Current Tax Expense                         151.56                               89.29
            Deferred Tax Expense                           (7.52)                             180.25
            Fringe Benefit Tax                               -                                   7.88
10  Net Profit                        868.03                             417.20
11  Paid-up share capital                     2,005.72                          2,005.72
      (Face Value of Rs.10/- each)    
12 Reserves excluding Revaluation Reserve                              -                           15,605.79
13 Basic Earnings per share (Rs.)*                           4.21                                 2.08
14 Basic Earnings per share (Annualised) (Rs.)*                              -                                   2.77
14 Public Shareholding    
    - No. of shares                 12,616,739                       12,620,942
    - Percentage of shareholding 62.90% 62.92%
15 Promoters and promoter group    
  Shareholding    
  a) Pledged/Encumbered    
       Number of shares                   1,623,000                         1,522,650
      Percentage of shares to promoter group 23.63% 22.19%
      Percentage of shares to total capital  8.09% 7.59%
  b) Non-encumbered    
       Number of shares                   5,244,375                         5,340,522
      Percentage of shares to promoter group 76.37% 77.81%
      Percentage of shares to total capital  26.14% 26.62%
* Not Annualised for quarter ending
NOTES :
1) The above  results were reviewed by the Audit Committee and approved by the Board at its meeting held on 
    25th July , 2009 and were subjected to limited review by Statutory Auditors.
2) Foreign Exchange Fluctuations (gain) of Rs.465.19 lakhs (net) for the quarter includes re-statement of foreign currency
    loans, receivables and payables.    As per the amendment dated 31-3-2009 to companies (Accounting Standards)
    Rules 2006,  the enterprise is given the option either to continue with the provisions of Accounting Standard 11 - The
    Effects of Changes in Foreign Exchange Rates  or capitalise exchange differences (gain/(loss)) arising on reporting
    of long term foreign currency monetary items so far as they relate to the acquisition of a depreciable capital asset.
    The Company  has opted to continue with the existing practice of charging of exchange differences on long term
    foreign currency monetary items.
3) The company has received 20 complaints from investors during the quarter 1st April '09 to 30th June, 09 and all were 
    resolved. No complaints were pending from previous quarter.
4) The Company operates only in the segment of Pharmaceuticals.
5) The Company has been stating its consolidated results from the Quarter ending December, 2008.  Hence figures
    for the corresponding period of previous year are not given.
6) Figures are regrouped wherever necessary.
 for and on behalf of the Board 
Place  : Hyderabad        Dr.C.Nageswara Rao 
Date   :  25.07.2009                Chairman