Gland Pharma Q3 results: Net profit up 34% at Rs 273 cr on robust sales across

AgenciesUpdated: Friday, January 21, 2022, 05:04 PM IST
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Revenue from operations rose to Rs 1,063 crore in the October-December period of the current fiscal as against Rs 859 crore in the same period of 2020-21 fiscal./ Representative image |

Gland Pharma on Friday posted a 34 per cent increase in its consolidated profit after tax at Rs 273 crore for the third quarter ended December 31, 2021, riding on robust sales across various markets.

The Hyderabad-based drug maker had reported a profit after tax (PAT) of Rs 204 crore in the corresponding period of the previous fiscal.

Revenue from operations rose to Rs 1,063 crore in the October-December period of the current fiscal as against Rs 859 crore in the same period of 2020-21 fiscal, Gland Pharma said in a regulatory filing.

''While our key market US grew by 23 per cent during the quarter, our focus on geographical diversification is showing robust results with a YoY growth of 88 per cent in the Rest of the World markets during the quarter,'' Gland Pharma MD & CEO Srinivas Sadu noted.

In alignment with strategic priorities, the company has completed four complex injectable filings and a total of 18 ANDA filings during the quarter, he added.

''We are starting this new year with renewed optimism to accomplish many more milestones,'' Sadu stated.

(With inputs from PTI)

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