Gland Pharma shares rally 8%; at 52-week high after Q1

Shares of Gland Pharma on Thursday jumped nearly eight per cent after the company reported an 11.83 per cent increase in its consolidated net profit for the quarter ended June 30, 2021. It zoomed 7.50 per cent to Rs 4,087.65 -- its 52-week high — at the BSE. On the NSE, it rallied 7.75 per cent to its 52-week high of Rs 4,089. Drug firm Gland Pharma on Wednesday reported an 11.83 per cent increase in its consolidated net profit to Rs 350.7 crore for the quarter ended June 30, 2021, on account of robust sales in all markets. The company had posted a net profit of Rs 313.6 crore for the corresponding period of the previous fiscal, Gland Pharma said in a regulatory filing. Consolidated revenue from operations of the company stood at Rs 1,153.9 crore for the quarter under consideration. It was Rs 884.2 crore for the same period a year ago, it added.