Glenmark Pharmaceuticals shares gain Oct-Dec earnings beat forecasts

Jan 28 2014, 10:58 IST
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Glenmark Pharma reported a consolidated net profit of 2.16 billion rupees ($34.57 million) in the October-December quarter. Glenmark Pharma reported a consolidated net profit of 2.16 billion rupees ($34.57 million) in the October-December quarter.
SummaryGlenmark Pharma reported a net profit of Rs 2.16 bn in the October-December quarter.

Shares of Glenmark Pharmaceuticals Ltd surge 5.1 per cent after the company reported better-than-expected earnings.

Glenmark Pharma reported a consolidated net profit of 2.16 billion rupees ($34.57 million) in the October-December quarter, compared with the mean consensus forecasts of 1.81 billion rupees ($28.96 million), compiled by Thomson Reuters StarMine

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