Granules India Limited        
  Registered Office: 2nd Floor, 3rd Block, My Home Hub, Madhapur, Hyderabad - 500 081.  
  www.granulesindia.com      
  Audited Financial Results for the year ended March 31, 2011   Rs.in Lakhs
           
Sr. Particulars   Standalone Consolidated
No.   31-03-2011 31-03-2010 31-03-2011 31-03-2010
             
1 Net Sales/Income from Operations   40,567.70 38,619.49 47,517.98 46,108.93
  Total Income   40,567.70 38,619.49 47,517.98 46,108.93
2 Expenditure          
  a) (Increase)/decrease in finished goods          
  and work in progress   (142.84) (419.85) (169.68) 258.13
  b) Consumption of Raw Materials   25,270.02 24,731.17 29,725.09 28,357.91
  c) Employee cost   2,834.43 2,299.72 3,337.86 2,857.04
  d) Depreciation   1,588.13 1,589.67 1,828.81 1,857.44
  e) Manufacturing Expenses   2,582.07 2,461.06 3,584.39 3,463.91
  f) Administrative Expenses   1,297.22 1,367.79 1,689.84 1,575.30
  g) R & D Expenses   138.40 273.23 245.28 311.17
  h) Selling & Distribution Expenses   3,177.82 2,762.91 3,426.35 3,079.02
  i) Other expenditure   55.69 62.95 55.69 62.95
  Total Expenditure   36,800.94 35,128.65 43,723.61 41,822.86
3 Profit from Operations before Other Income, Interest & Exceptional   3,766.76 3,490.84 3,794.36 4,286.06
  Items (1-2)  
4 Other Income   (71.17) (47.99) (80.25) (107.36)
5 Profit before Tax and Interest and exeptional items (3+4)   3,837.93 3,538.83 3,874.61 4,393.42
6 Interest and Finance Charges   1,136.20 1,639.97 1,258.69 1,754.90
7 Profit after Interest but before exeptional items & tax (5-6)   2,701.73 1,898.86 2,615.92 2,638.52
8 Foreign Exchange Fluctuations (gain)/loss   (38.10) (1,152.39) (59.62) (1,121.11)
9 Profit before taxation   2,739.83 3,051.25 2,675.53 3,759.63
10 Provision for Taxation :          
  - Current Tax expense   285.49 313.66 303.24 584.69
  - Deferred Tax expense   282.51 342.74 282.72 137.74
11 Net Profit for the period (9-10)   2,171.83 2,394.85 2,089.58 3,037.20
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)   20,091.38 18,210.94 19,861.99 18,063.79
             
14 Basic Earnings Per Share (Rs.)*   10.83 11.94 10.42 15.14
15 Diluted earnings per share   10.78 11.89 10.37 15.08
16 Public Share Holding          
  - Number of Shares   12,152,162 12,557,075 12,152,162 12,557,075
  - Percentage of Shareholding   60.59% 62.61% 60.59% 62.61%
17 Promoter and Promoter Group shareholding          
  a) Pledged/Encumbered          
  - Number of Shares   1,759,375 858,000 1,759,375 858,000
  - Percentage of Shares (as a % of the total shareholding of   22.26% 12.39% 22.26% 12.39%
  promoter and promoter group )          
  - Percentage of Shares (as a % of the total share capital of   8.77% 4.28% 8.77% 4.28%
  the Company)          
  b) Non-encumbered          
  - Number of Shares   6,145,617 6,069,039 6,145,617 6,069,039
  - Percentage of Shares (as a % of the total shareholding of   77.74% 87.61% 77.74% 87.61%
  promoter and promoter group )          
  - Percentage of Shares (as a % of the total share capital of   30.64% 30.25% 30.64% 30.25%
  the Company)          

* Not Annualised

1)The above results were reviewed by the Audit Committee and approved by the Board at its meeting held on 29th April, 2011

2)Foreign Exchange Fluctuations (gain) of Rs.(38.10) lakhs (net) for the year includes re-statement of foreign currency loans. 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 recognising the exchange differences on long term foreign currency monetary items in the Profit and Loss Account.

3)The company has received no complaints from investors during the quarter 1st January to 31st March, 2011 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 : April 29, 2011 Chairman












GRANULES INDIA LIMITED






AUDITED BALANCE SHEET FOR THE YEAR ENDED 31ST MARCH 2011





(Rs.in lakhs)






Sr.No. Particulars Standalone Consolidated
Year Ended 31st March (Audited) Year Ended 31st March (Audited) Year Ended 31st March (Audited) Year Ended 31st March (Audited)
2011 2010 2011 2010
1 Shareholders' Funds :



(a) Capital 2,174.24 2,174.24 2,174.24 2,174.24
(b) Reserves and Surplus 20,033.10 18,210.94 19,803.71 18,063.79
2 Loan Funds 10,179.00 10,072.52 13,724.63 14,670.18
3 Differed Tax Liability / (Asset) 1,991.38 1,708.87 1,985.65 1,703.85
4 Total 34,377.72 32,166.57 37,688.23 36,612.06






1 Fixed Assets 22,912.43 22,173.19 24,547.29 23,922.51
2 Investments 2,260.25 2,260.23 29.81 29.79
3 Current Assets, Loans and Advances



(a) Inventories 6,013.37 5,159.87 7,512.78 6,863.34
(b) Sundry Debtors 3,754.50 3,150.46 7,161.30 6,585.35
(c) Cash and Bank Balances 682.35 943.31 1,198.79 1,347.43
(d) Other Current Assets 109.77 83.73 222.58 185.58
(e) Loans and Advances 2,666.45 2,352.17 2,696.81 2,446.87
4 Less: Current Liabilities and Provisions



(a) Liabilities (3,785.80) (3,817.26) (5,448.59) (4,632.71)
(b) Provisions (349.66) (293.32) (349.66) (293.35)
5 Miscellaneous Expenditure (not written off or adjusted) 114.07 154.19 117.13 157.25
6 Total 34,377.72 32,166.57 37,688.23 36,612.06





































Place : Hyderabad

Dr.C.Nageswara Rao

Date : April 29, 2011

Chairman