GlaxoSmithKline Pharmaceuticals Ltd announces its financial results for the third quarter ended 31st December 2023

GlaxoSmithKline Pharmaceuticals Ltd (GSK) reported revenue from operations for the quarter at Rs 805 crores, Profit before exceptional Items and tax at Rs 228 crores with EBITDA margins at 27%.

In a flat General Medicines represented market during the quarter, GSK recorded 1% value growth despite the NLEM impact. Augmentin improved its market share and retained no. 1 rank in the IPM (Indian Pharmaceutical Market). Vaccines market and portfolio continued to deliver sequential growth. GSK will continue to invest in building newer capabilities to improve reach and access for its innovative portfolio comprising Shingrix, Nucala and Trelegy.

Commenting on the results, Bhushan Akshikar, Managing Director, GlaxoSmithKline Pharmaceuticals Limited, said, "We remain committed to new category development in areas like Adult Immunization with products like Shingrix to make a positive impact to the lives of the patients in India. We will continue to drive operational efficiency and explore new innovative solutions including Omnichannel Strategy to expand reach and coverage to the target segments."

Shares of GlaxoSmithKline Pharmaceuticals Limited was last trading in BSE at Rs. 2334.20 as compared to the previous close of Rs. 2379.55. The total number of shares traded during the day was 6431 in over 1119 trades.

The stock hit an intraday high of Rs. 2436.00 and intraday low of 2300.00. The net turnover during the day was Rs. 15350035.00.

Source : Equity Bulls

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