GSK Pharma Q4 Net Profit Witnesses 46% Surge, Reaches Rs. 194.48 Crore

GSK Pharma's Q4 profit surged 46% to Rs 194.48 crore, fueled by higher sales of Rs 929.8 crore. Total expenses increased to Rs 691.41 crore. For FY24, the company's net profit declined to Rs 589.96 crore, while revenue rose to Rs 3,453.71 crore. The board proposed a dividend of Rs 32 per share.

GlaxoSmithKline Pharmaceuticals Ltd on Friday reported a 46 per cent increase in consolidated net profit at Rs 194.48 crore in the fourth quarter ended March 31, on the back of higher sales.

The company had posted a net profit of Rs 133.43 crore in the corresponding quarter of the previous fiscal, GlaxoSmithKline Pharmaceuticals (GSK Pharma) said in a regulatory filing.

Consolidated revenue from operations in the quarter under review stood at Rs 929.8 crore as against Rs 787.45 crore in the year-ago period, it added.

Total expenses in the fourth quarter were higher at Rs 691.41 crore as compared to Rs 635.54 crore in the same period a year ago.

The board has recommended a dividend of Rs 32 per equity share on the face value of Rs 10 each for the year ended March 31, subject to approval of members at upcoming annual general meeting, the company said.

For the fiscal ended March 31, 2024 net profit was at Rs 589.96 crore as compared to Rs 610.69 crore in the preceding year, the company said.

In FY24 consolidated revenue from operations was at Rs 3,453.71 crore as against Rs 3,251.72 crore in FY23, it added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)