Glenmark Pharmaceuticals Q4 Results: Company Swings To Profit
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Glenmark Pharmaceuticals Q4 Results: Company Swings To Profit
Glenmark Pharmaceuticals Ltd. swung to profit in the quarter ended March, but missed analysts' estimates.The company posted a profit of Rs 4.7 crore in the fourth quarter as compared to Rs 1,218-crore loss in the year-ago period, according to an exchange filing on Friday. Analysts tracked by Bloomberg had estimated a net profit of Rs 344 crore.Glenmark Q4 Highlights (Consolidated, YoY)Revenue up 6.3% at Rs 3,256 crore versus Rs 3,063 crore. (Blo…
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