GlaxoSmithKline Pharma posts net profit at Rs 133 crore in Jan-Mar quarter

GlaxoSmithKline Pharmaceuticals Ltd on Wednesday reported a consolidated net profit from continuing operations at Rs 133.43 crore in the fourth quarter ended March 2023.

The company had posted a consolidated net loss from continuing operations at Rs 54.66 crore a year ago, GlaxoSmithKline Pharmaceuticals (GSK Pharma) said in a regulatory filing.

Its consolidated revenue from continuing operations stood at Rs 787.45 crore against Rs 809.63 crore in the year-ago period.

The total expenses in the quarter were higher at Rs 635.54 crore compared to Rs 650.04 crore in the corresponding period of the previous year.

For FY23, consolidated net profit from continuing operations was Rs 607.64 crore against Rs 380.77 crore in FY22.

The company said its consolidated revenue from continuing operations stood at Rs 3,251.72 crore in FY23 compared to Rs 3,278.03 crore in FY22.

General medicine portfolio saw double-digit underlying growth and the company continued to maintain market leadership in