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KRChoksey Research Report
Glenmark Pharmaceuticals Ltd. reported 26.4% YoY revenue growth (up 3.7% QoQ) to Rs 29,649 million led by growth across all its major markets such as India, U.S., Europe Union, Latin America and in active pharma ingredient segments, YoY.
Sequentially, the growth was driven by strong growth in India segment, alone, partially offset by decline in all other geographical revenue segments.
Glenmark Pharma's Ebitda grew 20.0% YoY to Rs 5,736 million while Ebitda margin contracted 104 basis points YoY to 19.3% due to reduced gross profits margin YoY and QoQ.
Net profits margin increased 70 bps YoY to 10.3% in Q1 FY22 due to reduction in interest expenses, YoY and QoQ, partially offset by flat growth in other income YoY.
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