GRANULES INDIA LIMITED
Regd Office : 8-2-293/A/A/ 2 , Plot #: 227
Road No.2, Banjara Hills, Hyderabad 500 033
UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30th SEPTEMBER, 2006
Rs. Lakhs
S No Particulars Quarter ended
30th Sept 2006		 Quarter ended
30th Sept 2005		    Audited previous accounting year ended 30th June 2006        
1 Gross sales                 4,789.52                 4,172.57                  18,159.20        
  Less : Excise Duty & Sales tax                   250.73                    189.19                       612.03        
2 Net sales/ Income from operations                 4,538.79                 3,983.38                  17,547.17        
3 Other Income                       7.08                     17.83                        50.97        
4 Total expenditure                
  a) (Increase)/decrease in stock in trade                  (183.19)                   (126.31)                       437.11        
  b) Material consumption                 2,793.77                 2,688.75                  10,712.04 #DIV/0!     #REF!
  c) Manufacturing expenses                   376.24                    246.20                    1,145.00 #DIV/0!     #REF!
  d) Employee cost                   301.24                    180.43                       761.37 #DIV/0!     #REF!
  e) Other expenditure                   489.84                    426.33                    1,864.37 #DIV/0!     #REF!
5 EBIDTA                   760.89                    567.98                    2,627.28        
6 Interest and finance charges                   309.87                    230.50                    1,024.53 #DIV/0!     #REF!
7 Depreciation                   207.88                    107.96                       521.07 #DIV/0!     #REF!
8 Profit before taxation                   250.22                    247.35                    1,132.65 #DIV/0!     #REF!
9 Current tax expense                       1.85                     44.20                        28.64        
10 Deferred tax expense                     42.68                       1.86                       171.60        
11 Fringe Benefit  Tax                       2.04                       1.72                          7.81        
12 Net Profit                   203.65                    199.57                       924.60 #DIV/0!     #REF!
13 Paid up share capital                 1,236.10                 1,231.81                    1,236.10           -        
   (face value of Rs. 10/- each)                
14 Reserves excluding Revaluation reserve                        7,019.94        
15 Basic Earnings per share (Rs.)*                       1.65                       1.62                          7.49        
16 Diluted Earnings per share (Rs.)*                       1.48                       1.62                          6.75        
17 No. of equity shares             12,360,952             12,318,132                12,360,952        
18 Aggregate of Public Share holding:                
   - Number of shares               6,699,212               6,465,792                  6,610,612        
   - Percentage of share holding                     54.20                     52.49                        53.48        
* Not Annualised for quarter ending        
       
NOTES :
1) The above  results have been approved at the  Board Meeting held  on 16th October, 2006.
2) The company has not received any complaints from investors during the quarter 1st July'06 to 30th September'06
     and the one complaint pending from last quarter is resolved.
3) The company operates only in the segment of Pharmaceuticals.
4) Other expenses include Administrative, Selling & distribution costs.
5) Diluted EPS includes 13,55,000 share warrants which are yet to be converted.
6)  The public shareholding is as per the revised shareholding pattern  of Listing agreement i.e., without taking into
      account the shares held by custodians against the GDRs.
7)  Figures are regrouped wherever necessary.
for and on behalf of the Board
 For and on behalf of the Board
Place  : Hyderabad  Dr. C.Nageswara Rao         Dr.C.Nageswara Rao
Date   :  16.10.2006  Chairman                 Chairman