Glenmark Pharmaceuticals reports a strong Q2 profit of ₹354.5 crore, reversing last year's loss.

Glenmark Pharmaceuticals saw a significant turnaround in Q2FY25, reporting a net profit of ₹354.5 crore compared to a ₹180.3 crore loss last year. Revenue rose 7% to ₹3,434 crore, driven by strong sales in India and Europe. The company's flagship respiratory brand, RYALTRIS, continued to perform well. Glenmark plans to launch 3-4 new products in the next quarter and aims for revenue between ₹13,500 crore and ₹14,000 crore for the year.

November 14, 2024
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