India's Gland Pharma posts 41% jump in quarterly revenue on Cenexi acquisition

Posted on:
Key Points

HYDERABAD, Aug 7 (Reuters) - Indian generic injectables maker Gland Pharma Ltd (GLAD.NS) reported a 41% jump in first-quarter revenue on Monday, aided by its acquisition of French pharmaceutical group Cenexi...

The Hyderabad-based company, which draws the bulk of its revenue from the United States, Europe, Canada, Australia and New Zealand, said revenue jumped to 12.09 billion Indian rupees ($146.13 million) from 8.57 billion rupees...

The company said 37% of the total revenue came from its acquisition of Cenexi in January..

Excluding the Cenexi acquisition, Gland Pharma's revenue rose 3.5% on the back of improvement in its base business and stability in the United States...

You might be interested in

India's Cello World surges 29% on listing at $2.1 bln valuation

06, Nov, 23

Shares of Indian kitchenware products maker Cello World (CELO.NS) rose as much as 29.2% in their trading debut on Monday, valuing the company at 177.72 billion rupees ($2.14 billion).

Hindustan Aeronautics first-quarter profit rises 31% on higher revenue

11, Aug, 23

Hindustan Aeronautics Limited (HAL) (HIAE.NS) posted a 31% rise in first-quarter profit on Friday as fullfillment of orders helped boost aerospace and defense equipment maker's revenue.

India's Container Corp Q1 profit falls as costs rise, revenue slip

10, Aug, 23

State-owned Container Corporation of India reported a more than 17% fall in first-quarter profit on Thursday after costs increased and revenue fell.

India's Tata Elxsi posts Q3 profit rise on strength in transportation segment

23, Jan, 24

(Reuters) - Indian design and technology services company Tata Elxsi reported a 6% rise in third-quarter profit on Tuesday, helped by healthy demand in its transportation segment. The company's net