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    HomeNewsBusinessEarningsGlenmark Pharma Q3 PAT seen up 37% to Rs 310 cr: HDFC Securities

    Glenmark Pharma Q3 PAT seen up 37% to Rs 310 cr: HDFC Securities

    Net Sales are expected to increase by 0.9 percent Q-o-Q (down 27.1 percent Y-o-Y) to Rs 2190 crore, according to HDFC Securities.

    January 17, 2017 / 16:49 IST

    HDFC Securities has come out with its third quarter (October-December) earnings estimates for the Pharmaceuticals sector. The brokerage house expects Glenmark Pharma to report net profit at Rs 310 crore up 37.3% quarter-on-quarter.

    Net Sales are expected to increase by 0.9 percent Q-o-Q (down 27.1 percent Y-o-Y) to Rs 2190 crore, according to HDFC Securities.
    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 26.7 percent Q-o-Q (up 49.2 percent Y-o-Y) to Rs 500 crore.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    first published: Jan 17, 2017 04:02 pm

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