Key Points
BENGALURU, July 21 (Reuters) - India's Glenmark Life Sciences (GLEM.NS) reported a near-25% rise in its first-quarter profit on Friday, led by robust growth of its mainstay active pharmaceutical ingredients (API) business in domestic as well as U.S. and European markets...
The Mumbai-based drug maker said profit stood at 1.35 billion rupees ($16.5 million) for the quarter ended June 30, compared with 1.09 billion rupees a year earlier...
The company, spun off from Glenmark Pharmaceuticals (GLEN.NS) in 2019 to focus on the API business, said total revenue from operations climbed 18% to 5.87 billion rupees during the quarter, with regulated markets including the U.S., Europe and India contributing 78%...
The drugmaker, whose clients include Aurobindo Pharma (ARBN.NS) and Torrent Pharmaceuticals (TORP.NS), also exports APIs to markets including Japan, Latin America and the Middle East...
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