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Drug manufacturer Glenmark Pharma is expected to report a growth of 11% year-on-year in its profit after tax of Rs 127 crore for the fourth quarter of FY12 (as per IFRS), according to CNBC-TV18.
According to the report on earnings preview for the quarter ended March 2012, KR Choksey expects the pharma sector will show strong performance in the domestic pharmaceuticals market mainly due to recovery in Indian pharma market.
In an interview to CNBC-TV18, Praful Borah of Nirmal Bang Institutional Equities speak about Glenmark, Divi's results and gives his outlook going forward.
Glenmark Pharma is expected to report a profit after tax of Rs 106 crore in the third quarter of FY12, rising 89% as compared to Rs 56 crore in previous quarter.
Pharmaceutical companies are expected to report healthy 15-25% year-on-year revenue growth in the third quarter, helped by new launches especially in the US and strong demand for generic drugs.
KRChoksey has come with its December quarterly earning estimates for Pharma sector. According to the research firm, Q3FY12 is expected to be a strong quarter in terms of top-line growth mainly due to improved performance in the Indian pharmaceutical market, launch of limited competitive products in the US market & rupee depreciation.
Emkay Global Financial Services has come with its December quarterly earning estimates for pharmaceutical sector. According to the research firm the sector is expected to report a growth of 18% YoY (5% QoQ) in revenues partly driven by Rupee depreciation which is likely to be 4-5% of the overall growth.
After a sluggish first quarter, pharma universe reported some encouraging numbers in the second quarter. This is with some support from stable growth in certain geographies but inflationary pressures taking a test on the other hand report CNBC-TV18's Archana Shukla.
KR Choksey has come out with its earning estimates on Pharma sector for the quarter ended September 2011. According to the research firm, Glenmark Pharma September quarter net sales are expected to go up by 11% at Rs 819 crore, year-on-year, (YoY) basis.
Glenmark Pharma has reported a rise of 23.5% (YoY) in its first quarter net profit. In an interview with CNBC-TV18, Surajit Pal, pharma analyst, Elara Capital said, the top-line is very much in line, just 3% below his expectations. “Bottom-line margin has increased quite significantly, much above our expectation,” he added.
Glenmark Pharma is expected to report a rise of 13.7% in its first quarter FY12 profit after tax to Rs 177 crore against Rs 155 crore in same quarter the previous year.
Mid-sized Indian drugmakers are expected to post steady to strong revenue growth in April-June, riding healthy domestic and overseas demand, but higher would crimp margins.
KRChoksey has come out with its earning estimates on pharma sector for the quarter ended June 2011. According to the research firm, Glenmark Pharma June quarter sales are expected to go up by 26% at Rs 761 crore, year-on-year, (YoY) basis.
PINC Research has come out with its earning estimates on pharma sector for the quarter ended June 2011. According to the research firm, Glenmark June quarter net revenues are expected to go up by 17.5% at Rs 801.1 crore, year-on-year, (YoY) basis.
Glenn Saldanha, managing director and CEO of Glenmark Pharmaceuticals, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that its business in India is growing at 23-24%, while its business in US is expected to grow 25% in FY12.
Glenmark Pharma is to announce its fourth quarter results. According to CNBC-TV18’s estimates, the company’s Q4FY11 revenues are seen up 12% to Rs 795 crore versus Rs 712.5 crore, year-on-year, YoY.
Motilal Oswal has come out with its earning estimates on Pharmaceuticals sector for the quarter ended March 2011. According to the research firm, Glenmark Pharma March quarter sales are expected to go up by 7% at Rs 759 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on pharma sector for the quarter ended March 2011. According to the research firm, Glenmark Pharma March quarter sales are expected to go up by 10% at Rs 781 crore, year-on-year, (YoY) basis.
Emkay Global Financial Services has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Glenmark December quarter sales are expected to go up by 19.8% to Rs 770.4 crore, Year-on-Year, (Y-o-Y) basis.
KRChoksey has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Glenmark Pharma December quarter sales are expected to go up by 30% to Rs 781 crore, Year-on-Year, (Y-o-Y) basis.