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Gland Pharma Ltd Q3FY21 net profit at Rs. 204.10 crore



Posted On : 2021-01-22 17:22:40( TIMEZONE : IST )

Gland Pharma Ltd Q3FY21 net profit at Rs. 204.10 crore

Gland Pharma Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.894.54 crores during the period ended December 31, 2020 as compared to Rs.851.85 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.204.10 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.218.85 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.12.82 for the period ended December 31, 2020 as compared to Rs.14.12 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 894.54 crs₹ 851.85 crsUp Tick 5.01%
Net Profit₹ 204.10 crs₹ 218.85 crsDown Tick -6.74%
EPS₹ 12.82₹ 14.12Down Tick -9.21%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.894.54 crores during the period ended December 31, 2020 as compared to Rs.671.22 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.204.10 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.154.09 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.12.82 for the period ended December 31, 2020 as compared to Rs.9.95 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 894.54 crs₹ 671.22 crsUp Tick 33.27%
Net Profit₹ 204.10 crs₹ 154.09 crsUp Tick 32.46%
EPS₹ 12.82₹ 9.95Up Tick 28.84%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2662.69 crores during the 9 months period ended December 31, 2020 as compared to Rs.2090.96 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.736.55 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.578.06 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.47.10 for the 9 months period ended December 31, 2020 as compared to Rs.37.31 for the 9 months period ended December 31, 2019.
Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 2662.69 crs₹ 2090.96 crsUp Tick 27.34%
Net Profit₹ 736.55 crs₹ 578.06 crsUp Tick 27.42%
EPS₹ 47.10₹37.31Up Tick 26.24%

Commenting on the results, Mr. Srinivas Sadu, MD & CEO of Gland Pharma said "Our growth momentum has continued in the third quarter and we reported Revenue growth of 33% and Net Profit growth of 32% over the corresponding quarter of the previous year. The business growth drivers were new product launches, geographic expansion of business and volume growth in existing portfolio, which is in line with our strategy. During the quarter, 12 ANDAs were filed from our sites and 6 ANDA approvals were obtained. We have also filed 1 DMF during the same period. Our success is predicated by our ability to deliver products without compromising on the quality, safety, and customer satisfaction. We are committed to our objective of building a sustainable business model to achieve long term profitable growth."

Source : Equity Bulls

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