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Glenmark Pharmaceuticals reports 2-fold jump in Q1 consolidated net profit

17 Aug 2020 Evaluate

Glenmark Pharmaceuticals has reported results for the first quarter ended June 30, 2020.

The company has reported a 2-fold jump net profit from continuing operations at Rs 462.48 crore for the quarter under review as compared to Rs 227.84 crore for the same quarter in the previous year. Total income of the company increased by 15.98% at Rs 1,817.77 crore for Q1FY21 as compared Rs 1,567.33 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 2-fold jump in its net profit from continuing operations at Rs 254.04 crore for the quarter under review as compared to Rs 109.28 crore for the same quarter in the previous year. Total income of the company increased by 3.39% at Rs 2,403.30 crore for Q1FY21 as compared Rs 2,324.55 crore for the corresponding quarter previous year.

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