Granules India Limited
Registered Office: 2nd Floor, 3rd Block, My Home Hub, Madhapur, Hyderabad - 500 081
Audited Financial Results for the year ended March 31, 2010
					(Rs. Lakhs)
Sr.	Particulars	Standalone		Consolidated
No.		For the year ended           31-03-2010	For the 9 month period ended       31-03-2009	For the year ended           31-03-2010	For the 9 month period ended           31-03-2009
1	Net Sales/Income from Operations	38,619.49	25,387.36	46,108.93	28,927.48
2	Expenditure
	a) (Increase)/decrease in finished goods
	and work in progress	(419.85)	(134.33)	258.13	219.60
	b) Consumption of Raw Materials	24,731.16	15,713.29	28,357.91	17,427.66
	c) Employee cost	2,299.72	1,433.67	2,789.51	1,756.87
	d) Depreciation	1,589.67	974.79	1,857.44	1,179.98
	e) Manufacturing Expenses	2,461.06	1,590.85	3,463.91	1,986.67
	f) Administrative Expenses	1,368.70	934.56	1,575.30	1,103.68
	g) Selling & Distribution Expenses	2,762.91	1,566.81	3,090.65	1,850.12
	h) R &  D Expenses	273.23	241.49	367.07	287.72
	i) Other expenditure	62.95	21.79	62.95	21.79
	Total Expenditure	35,129.55	22,342.92	41,822.86	25,834.08
3	Profit from Operations before Other Income, Interest & Exceptional Items (1-2)	3,489.94	3,044.44	4,286.06	3,093.40
4	Other Income	(48.90)	(85.47)	(107.36)	(100.29)
5	Profit before Tax and Interest and exeptional items  (3+4)	3,538.84	3,129.91	4,390.42	3,193.69
6	Interest and Finance Charges	1,639.98	1,453.83	1,754.90	1,567.58
7	Profit after Interest but before exeptional items & tax (5-6)	1,898.87	1,676.08	2,638.52	1,626.11
8	Foreign Exchange Fluctuations (gain)/loss	(1,152.39)	890.41	(1,121.11)	924.05
9	Profit before taxation	3,051.25	785.67	3,759.63	702.07
10	Provision for Taxation :
	- Current Tax expense	518.56	89.02	584.69	89.29
	- Deferred Tax expense	137.87	180.25	137.74	180.25
	- Fringe Benefit Tax	-	7.88	-	7.88
11	Net Profit for the period (9-10)	2,394.85	508.52	3,037.21	424.65
12	Paid-up Equity Share Capital	2,005.72	2,005.72	2,005.72	2,005.72
	(Face Value of Rs.10/- each)
13	Reserves (excluding Revaluation Reserve)	18,210.94	16,109.41	18,063.79	15,319.92
14	Basic Earnings Per Share (Rs.)*	11.94	2.54	15.14	2.12
15	Public Share Holding
	- Number of Shares	12,557,075	12,620,942	12,557,075	12,620,942
	- Percentage of Shareholding	62.61%	62.92%	62.61%	62.92%
16	Promoter and Promoter Group shareholding
	a) Pledged/Encumbered
	- Number of Shares	858,000	1,522,650	858,000	1,522,650
	- Percentage of Shares (as a % of the total shareholding of	12.39%	22.19%	12.39%	22.19%
	promoter and promoter group )
	- Percentage of Shares (as a % of the total share capital of	4.28%	7.59%	4.28%	7.59%
	the Company)
	b) Non-encumbered
	- Number of Shares	6,069,039	5,340,522	6,069,039	5,340,522
	- Percentage of Shares (as a % of the total shareholding of	87.61%	77.81%	87.61%	77.81%
	promoter and promoter group )
	- Percentage of Shares (as a % of the total share capital of	30.25%	26.62%	30.25%	26.62%
	the Company)
	* Not Annualised
	1)  The above  results were reviewed by the Audit Committee and approved by the Board at its meeting  held on May 5, 2010.
	2)  Foreign Exchange Fluctuations (gain) of Rs.(1152.39) lakhs (net) for the year 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
	Accounting Standard 11 - The Effects of Changes in Foreign Exchange Rates or capitalise exchange differences (gain/(loss)) arising on
	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 recognising the exchange differences on long term  foreign currency monetary items in the Profit and Loss Account.
	3) The Board at its meeting held on May 5, 2010 recommended a final dividend of 12.5% on the equity capital of the Company.
	4)  The company has received 37 complaints from investors during the quarter 1st January, 2010 to 31st March, 2010 and all were resolved.
	No complaints were pending from previous quarter.
	5)  The Company operates only in the segment of Pharmaceuticals.
	6)  Figures are regrouped wherever necessary.
	Place  : Hyderabad			Dr.C.Nageswara Rao
	Date   :  May 5, 2010			Chairman
	GRANULES INDIA LIMITED
	Statement of Assets and Liabilities
					(Rs.in lakhs)
	Sr.No.	Particulars	Standalone		Consolidated
			Year Ended March 31, 2010	9 months period ended  March 31, 2009	Year ended March 31, 2010	9 months period ended  March 31, 2009
			(Audited)	(Audited)	(Audited)	(Audited)
	1	Shareholders' Funds :
	(a)	Capital	2,174.24	2,174.24	2,174.24	2,174.24
	(b)	Reserves and Surplus	18,210.94	16,109.41	18,063.79	########
	2	Loan Funds	10,072.52	11,891.58	14,670.17	########
	3	Differed Tax Liability / (Asset)	1,373.47	1,235.63	1,368.45	1,226.55
	4	Total	31,831.17	31,410.86	36,276.65	########
	1	Fixed Assets	22,173.19	22,652.73	23,922.51	########
	2	Investments	2,260.23	2,167.13	29.79	29.22
	3	Current Assets, Loans and Advances
	(a)	Inventories	5,159.88	3,714.79	6,863.34	5,951.06
	(b)	Sundry Debtors	3,150.46	3,054.53	6,585.35	6,312.48
	(c)	Cash and Bank Balances	943.31	749.78	1,347.44	1,283.86
	(d)	Other Current Assets	83.73	74.86	185.58	112.03
	(e)	Loans and Advances	2,016.77	1,930.95	2,111.48	2,080.78
	4	Less: Current Liabilities and Provisions
	(a)	Liabilities	(3,817.26)	(2,791.86)	(4,632.74)	########
	(b)	Provisions	(293.32)	(335.08)	(293.35)	(335.08)
	5	Miscellaneous Expenditure	154.19	193.03	157.25	196.10
		(not written off or adjusted)
	6	Total	31,831.17	31,410.85	36,276.65	########
	Place  : Hyderabad			Dr.C.Nageswara Rao
	Date   :  May 5, 2010			Chairman