InvestorQ : How did you find the quarterly results of Glaxo for the quarter?
Niti Shenoi made post

How did you find the quarterly results of Glaxo for the quarter?

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ishika Banerjee answered.
2 months ago
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Glaxo Pharma saw more than doubling of profits in the Sep-21 quarter at Rs.204 crore compared to just Rs.77 crore in the Sep-20 quarter. Total revenues for the quarter were also up by 14.9% at Rs.1,010 crore. The company follows a calendar year format. While Glaxo may have lost a lot of its mojo compared to the mega domestic players, it is still finding ways to leverage innovations in emerging technologies in the Indian market.

During the quarter, Glaxo also worked on its operational efficiencies, on the back of better sales traction and a concerted effort at cost rationalisation. The company also tweaked its working capital efficiency to boost profits in the quarter.

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