3 years, 2 months ago
Gland Pharma to announce four complex injectables during FY22; Q2 profit rises 38%
Live MintHyderabad-based pharmaceutical company Gland Pharma announced that it will announce four new complex injectables during the current financial year. The generic-injectable-focused company reported a 38 per cent rise in profit after tax on annual basis at ₹302.1 crore for the second quarter of financial year 2021-22, as opposed to ₹218.9 crore in the year-ago period. The company posted 30 per cent rise in revenue from operations during the quarter under review at ₹1,080.5 crore, compared to ₹831.5 crore year ago. Total income increased 33 per cent during this period to ₹1,131.7 crore from ₹851.9 crore in the same period last year.
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