Gland Pharma net profit declines 15 percent to Rs 232 crore in Q3
During the quarter, total R&D expense stood at Rs 51.2 crore, at 5.5 percent of revenue, the company said, adding the total capex incurred during the quarter was Rs 42.7 crore.
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New Delhi: Gland Pharma Ltd on Monday reported a 15 percent decline in consolidated net profit at Rs 231.95 crore for the third quarter ended December 2022, impacted by production delays due to supply disruptions.
The company had posted a consolidated net profit of Rs 273.03 crore in the same period last fiscal, Gland Pharma said in a regulatory filing.
Consolidated revenue from operations during the quarter under review stood at Rs 938.29 crore as against Rs 1,063.33 crore in the year-ago period.
Read also: Gland Pharma to acquire 100 percent stake in Cenexi Group
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