Glenmark Pharmaceuticals Reports Strong Financial Results and Improved Liquidity in December 2024

Feb 15 2025 10:04 AM IST
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Glenmark Pharmaceuticals has announced its financial results for the quarter ending December 2024, demonstrating significant growth. Profit Before Tax reached Rs 425.20 crore, while Profit After Tax rose to Rs 347.96 crore. The company also reported its highest cash and cash equivalents in recent periods, totaling Rs 1,820.24 crore.
Glenmark Pharmaceuticals has reported its financial results for the quarter ending December 2024, showcasing a notable performance. The company's score has undergone an adjustment in evaluation, reflecting a shift from 16 to 20 over the past three months.

The financial data reveals significant growth in key metrics. Profit Before Tax (PBT) for the quarter stands at Rs 425.20 crore, marking a substantial increase compared to the average PBT of Rs 108.81 crore from the previous four quarters. This trend indicates a very positive near-term outlook for PBT.

Similarly, Profit After Tax (PAT) has reached Rs 347.96 crore, which is a remarkable rise from an average PAT of Rs -229.31 crore in the prior four quarters. This also suggests a very positive near-term trend for PAT.

Additionally, Glenmark Pharmaceuticals has reported its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 1,820.24 crore, indicating an improvement in short-term liquidity.

Overall, these financial results highlight the company's strong performance in the recent quarter.

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