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Glenmark's Consolidated Revenue Increases by 18.9% to Rs. 12551.9 Mn for Q2 FY'12-13
Date:10/30/2012

MUMBAI, October 30, 2012 /PRNewswire/ --

Net Profit for the Second Quarter was Rs 1567.52 Mn as Compared to Rs. 782.75 Mn for the Previous Quarter, Recording Growth of 100.2%

Glenmark Pharmaceuticals Limited (GPL), the research-led global integrated pharmaceutical company, announced its results for the second quarter ended September 30, 2012.

For the second quarter ended Sep 30, 2012, Glenmark's consolidated revenue was at Rs. 12551.91 Mn (USD 227.89 Mn) as against Rs. 10554.47 Mn (USD 230.74 Mn) an increase of 18.93%. Excluding out-licensing income received in the second quarter of the previous financial year, Glenmark's consolidated revenue for the second quarter grew by 33.96%. Revenue from the generics business was at Rs. 5783.99 Mn (USD 104.97 Mn), as against Rs. 3990.22 Mn (USD 87.23 Mn), a growth of 44.95%.

The Specialty formulation business excluding out-licensing revenue was at Rs. 6697.41 Mn (USD 121.64 Mn) as against Rs. 5134.05 Mn (USD 112.24 Mn) for the corresponding previous quarter, recording a growth of 30.45%.

Net Profit for the second quarter ended September 30, 2012 was Rs. 1567.52 Mn as compared to Rs. 782.75 Mn for the previous corresponding quarter, recording an increase of 100.2%. The Net profit for the quarter is not comparable due to out-licensing income received in the previous corresponding second quarter and MTM losses recorded in the second quarter of the previous financial year.

"We continue on our high growth trajectory with both the Generics and Specialty business registering good growth across geographies. The growth from markets particularly the U.S, India and Russia have been particularly exceptional," said Glenn Saldanha, Chairman & MD, Glenmark Pharmaceuticals Limited.

For the six month ended Sep 30, 2012, Glenmark's consolidated revenue was at Rs. 22955.98 Mn [USD 418.52 Mn] as against Rs. 19237.01 Mn [USD 420.57 Mn], an increase of 19.33%. Revenue from the generics busines
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SOURCE Glenmark Pharmaceuticals Ltd
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