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Aug 02, 2012, 07.51 PM IST

Glenmark Q1 net disappoints, net down 63% at Rs 78 cr

Glenmark Pharma has disappointed the street by its first quarter numbers as consolidated net profit fell by 62.5% year-on-year to Rs 78.3 crore in the quarter, which was far lower than forecast of Rs 131 crore.

Source: Moneycontrol.com
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Glenmark Pharma has disappointed the street by its first quarter numbers as consolidated net profit fell by 62.5% year-on-year to Rs 78.3 crore in the quarter, which was far lower than forecast of Rs 131 crore.


Consolidated net sales increased 19.8% to Rs 1,040 crore from Rs 868 crore year-on-year, which was almost in-line with analysts' expectations of Rs 1,028 crore.


The share rose just 0.36% to close at Rs 387.60 amid huge volumes.


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