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Glenmark's Consolidated Revenue Increases by 20.08% to Rs. 14,869.40 Mn for Q1 FY 14 - 15
Date:7/24/2014

MUMBAI, India, July 24, 2014 /PRNewswire/ --

Consolidated Net Profit increased by 43.65 % to Rs. 1848.46 Mn

Business Highlights  

  • India Business grew by 20.87% to Rs. 3,971.59 Mn
  • US Business grew by 9.33% to Rs. 4,886.70 Mn
  • Rest of World (ROW) Business grew by 20.67% to Rs. 2,113.09 Mn
  • Europe Formulations Business grew by 34.53% to Rs. 977.26 Mn
  • Latin America Business grew by 33.92% to Rs. 1,176.45 Mn

Glenmark Pharmaceuticals Limited, the research-led global integrated pharmaceutical company, today announced its results for the first quarter ended June 30, 2014.

     (Logo: http://photos.prnewswire.com/prnh/20130626/625083)

For the first quarter ended June 30, 2014, Glenmark's consolidated revenue was at Rs. 14,869.40 Mn (USD 248.61 Mn) as against Rs. 12,382.43 Mn (USD 221.91 Mn) in the corresponding quarter recording a growth of 20.08%. Consolidated EBITDA grew by 38.16% to Rs. 3423.32 Mn from Rs. 2477.82 Mn in the quarter. The consolidated Net Profit was at Rs. 1848.46 Mn for the quarter ended June 30, 2014 as compared to Rs. 1286.76 Mn for the previous corresponding quarter registering an increase of 43.65%.

"We have delivered strong results backed by good performances by our India, Rest of the World, Europe and LATAM businesses. While we outperformed in the Indian Pharmaceutical market with a growth of over 20%; our Rest of the World business led by Russia and LATAM operations bounced back strongly in this quarter with growth rates of over 20% and 30%  respectively"; said Glenn Saldanha, Chairman & MD, Glenmark Pharmaceuticals Limited. "We have been making steady progr
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SOURCE Glenmark Pharmaceuticals
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