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GlaxoSmithKline Pharma net profit rises 8 percent to Rs 116 crore in Q1

Ruchika SharmaWritten by Ruchika Sharma Published On 2022-07-26T09:30:44+05:30  |  Updated On 26 July 2022 6:45 AM GMT
GlaxoSmithKline Pharma net profit rises 8 percent to Rs 116 crore in Q1
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Revenue from operations rose to Rs 745 crore as against Rs 718 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a regulatory filing.

New Delhi: GlaxoSmithKline Pharmaceuticals on Monday said its consolidated net profit increased by 8 per cent to Rs 116 crore in the first quarter ended on June 30, 2022.The drug firm had reported a net profit of Rs 107 crore in the April-June quarter of the previous year.Revenue from operations rose to Rs 745 crore as against Rs 718 crore in the year-ago period,...

New Delhi: GlaxoSmithKline Pharmaceuticals on Monday said its consolidated net profit increased by 8 per cent to Rs 116 crore in the first quarter ended on June 30, 2022.

The drug firm had reported a net profit of Rs 107 crore in the April-June quarter of the previous year.

Revenue from operations rose to Rs 745 crore as against Rs 718 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a regulatory filing.

Read also: GSK-Sanofi variant-specific COVID vaccine found effective against Omicron

"Our results reflect good momentum across general medicines and vaccines during the quarter. We have delivered strong underlying growth with market share gains across focus brands," GlaxoSmithKline Pharmaceuticals MD Sridhar Venkatesh noted..

The drug firm is a subsidiary of GSK plc, a global biopharma company.

Read also: GSK spins off consumer health business Haleon

GlaxoSmithKline Pharmaceuticals Ltd is an Indian research-based pharmaceutical and healthcare company headquartered in Mumbai, Maharashtra, India. The company was founded in 1924. Its product portfolio includes prescription medicines and vaccines. Its prescription medicines range across therapeutic areas such as anti-infectives, dermatology, gynaecology, diabetes, oncology, cardiovascular disease and respiratory diseases.



GlaxoSmithKline PharmaGlaxoSmithKlineGSKnet profitfinancial resultsQ1 result
Source : PTI
Ruchika Sharma
Ruchika Sharma

    M.Com

    Ruchika joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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