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Glenmark Pharmaceuticals reports marginal rise in Q2 consolidated net profit

12 Nov 2022 Evaluate

Glenmark Pharmaceuticals reported results for second quarter ended September 30, 2022.

The company has reported 43.90% fall in its net profit at Rs 423.15 crore for Q2FY23 as compared to Rs 754.26 crore for the corresponding quarter previous year. However, total income of the company increased by 11.65% to Rs 2,524.94 crore for the quarter under review as compared to Rs 2,261.56 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported marginal rise of 1.41% in its net profit at Rs 278.67 crore for the quarter under review as compared to Rs 274.81 crore for the same quarter in the previous year. Total income of the company increased by 10.79% to Rs 3,472.68 crore for the quarter under review as compared to Rs 3,134.38 crore for the same quarter in the previous year.

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