Gland Pharma Q1 Profit Down 26% to Rs 144 Cr
By Rediff Money Desk, New Delhi Aug 06, 2024 19:21
Gland Pharma's Q1 profit fell 26% to Rs 144 crore, while revenue rose to Rs 1,402 crore. The company remains confident about its fiscal year goals.
New Delhi, Aug 6 (PTI) Gland Pharma on Tuesday said its profit after tax declined by 26 per cent to Rs 144 crore for the first quarter ended June 30, 2024.
The Hyderabad-based drug maker has reported a profit after tax (PAT) of Rs 194 crore in the April-June quarter of last fiscal.
Revenue from operations rose to Rs 1402 crore for the period under review as compared with Rs 1,209 crore in the year-ago period, Gland Pharma said in a statement.
"We're confident in our ability to meet our fiscal year goals and are excited about the growing opportunities and even stronger results expected in the coming quarters," Gland Pharma Executive Chairman and CEO Srinivas Sadu said.
Shares of the company on Tuesday ended 0.25 per cent down at Rs 2,109.40 apiece on the BSE.
The Hyderabad-based drug maker has reported a profit after tax (PAT) of Rs 194 crore in the April-June quarter of last fiscal.
Revenue from operations rose to Rs 1402 crore for the period under review as compared with Rs 1,209 crore in the year-ago period, Gland Pharma said in a statement.
"We're confident in our ability to meet our fiscal year goals and are excited about the growing opportunities and even stronger results expected in the coming quarters," Gland Pharma Executive Chairman and CEO Srinivas Sadu said.
Shares of the company on Tuesday ended 0.25 per cent down at Rs 2,109.40 apiece on the BSE.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.74 (+ 2.62)
- 84886833
- Srestha Finvest
- 2.24 (+ 4.67)
- 34707853
- Ola Electric Mobilit
- 132.76 (+ 19.99)
- 27685743
- Suzlon Energy Ltd.
- 79.93 (+ 4.10)
- 27308498
- IFL Enterprises
- 1.22 (+ 4.27)
- 24757806
MORE NEWS
![Sebi Eases...](https://im.rediff.com/80-80/money/2024/aug/10sebi1.jpg)
Sebi Eases Compliance for Listed NCDs - New...
Sebi proposes amendments to simplify compliance requirements for entities with listed...
![Chandrasekaran:...](https://im.rediff.com/80-80/news/2018/jan/04modi.jpg)
Chandrasekaran: Learn From Indian Wisdom &...
Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...
JSW Cement Files IPO Papers to Raise Rs 4,000...
JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO...