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Glenmark's Consolidated Revenue Increases by 33.96% to Rs. 13812.59 Million for Q3 FY 12-13
Date:1/29/2013

rk Pharmaceuticals Limited. "The option agreement with Forest Laboratories for the development of novel mPGES-1 inhibitors and the USFDA approval for Glenmark's in-licensed molecule - Crofelemer has come as a big boost and renewed validation for our world-class Drug Discovery capabilities. While the option agreement with Forest Labs marks our seventh out-licensing deal in the innovation R&D space; the USFDA approval for Crofelemer has paved the way for Glenmark becoming the first Indian company to launch an New Chemical Entity (NCE) across multiple geographies," he added.

For the nine month ended Dec 31, 2012, Glenmark's consolidated revenue was at Rs. 36768.57 Mn [USD 672.92 Mn] as against Rs. 29547.87 Mn [USD 619.84 Mn], an increase of 24.44% in Rs. term. Revenue from the generics business was at Rs. 16893.83 Mn (USD 309.18 Mn), as against Rs. 11720.13 Mn (USD 245.86 Mn), a growth of 44.14%. The Speciality formulation business revenue was at Rs. 19594.52 Mn (USD 358.61 Mn) as against Rs. 17383.91 Mn (USD 364.67 Mn) for the corresponding previous nine month period, registering growth of 12.72% in Rs. term.

Net Profit for nine months ended December 31, 2012 was Rs. 4479.44 million as compared to Rs. 3099.93 million in the previous corresponding nine months period.

Specialty Business:

Sales for the formulation business in India for the third quarter ended Dec 31, 2012, was Rs. 3307.33 Mn [USD 60.98 Mn] as compared to Rs. 2546.71 Mn [USD 49.17 Mn] in the previous corresponding quarter, recording a growth of 29.87%. For the third quarter, revenue from Africa, Asia and CIS region was Rs. 2619.50 Mn [USD 48.18 Mn] as against Rs. 1571.37 Mn [USD 30.72 Mn] for the previous corresponding quarter, recording an increase of 66.70%. The secondary sales for the Russian subsidiary continued to show good growth in the third quarter at 43% vis
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SOURCE Glenmark Pharmaceuticals Ltd
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