| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,207 | 2,507 | 3,063 | 3,244 | 3,434 | 3,388 | 3,256 | 3,264 | 6,047 | 3,901 | 3,771 | 4,018 | |
Growth YoY Revenue Growth YoY% | 6.3 | -19.1 | 2.1 | 6.8 | 7.1 | 35.1 | 6.3 | 0.6 | 76.1 | 15.2 | 15.8 | 23.1 |
| 2,745 | 2,715 | 2,559 | 2,656 | 2,832 | 2,787 | 2,695 | 2,684 | 3,687 | 3,031 | 3,008 | 3,214 | |
| 462 | -209 | 504 | 588 | 602 | 600 | 561 | 581 | 2,360 | 870 | 763 | 805 | |
OPM OPM% | 14.4 | -8.3 | 16.5 | 18.1 | 17.5 | 17.7 | 17.2 | 17.8 | 39.0 | 22.3 | 20.2 | 20.0 |
| -324 | -31 | 326 | 31 | 39 | 31 | -361 | -297 | -1,184 | -140 | -184 | 66 | |
Interest Expense Interest ExpenseCr | 121 | 134 | 149 | 40 | 48 | 52 | 67 | 58 | 66 | 41 | 43 | 54 |
Depreciation DepreciationCr | 141 | 147 | 151 | 118 | 120 | 123 | 125 | 130 | 141 | 154 | 148 | 173 |
PBT PBTCr | -124 | -521 | 531 | 462 | 473 | 456 | 8 | 96 | 967 | 534 | 388 | 643 |
| 56 | -72 | 1,769 | 122 | 118 | 108 | 4 | 49 | 357 | 131 | 86 | 161 | |
| -62 | -331 | -1,214 | 340 | 354 | 348 | 4 | 47 | 610 | 403 | 301 | 483 | |
Growth YoY PAT Growth YoY% | -122.1 | -213.8 | -201.2 | 96.5 | 675.8 | 205.2 | 100.4 | -86.2 | 72.2 | 15.9 | 6,779.4 | 928.0 |
NPM NPM% | -1.9 | -13.2 | -39.6 | 10.5 | 10.3 | 10.3 | 0.1 | 1.4 | 10.1 | 10.3 | 8.0 | 12.0 |
| -2.9 | -12.4 | -43.2 | 12.1 | 12.6 | 12.3 | 0.2 | 1.7 | 21.6 | 14.3 | 10.7 | 17.1 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,207 | 2,507 | 3,063 | 3,244 | 3,434 | 3,388 | 3,256 | 3,264 | 6,047 | 3,901 | 3,771 | 4,018 | |
Growth YoY Revenue Growth YoY% | 6.3 | -19.1 | 2.1 | 6.8 | 7.1 | 35.1 | 6.3 | 0.6 | 76.1 | 15.2 | 15.8 | 23.1 |
| 2,745 | 2,715 | 2,559 | 2,656 | 2,832 | 2,787 | 2,695 | 2,684 | 3,687 | 3,031 | 3,008 | 3,214 | |
| 462 | -209 | 504 | 588 | 602 | 600 | 561 | 581 | 2,360 | 870 | 763 | 805 | |
OPM OPM% | 14.4 | -8.3 | 16.5 | 18.1 | 17.5 | 17.7 | 17.2 | 17.8 | 39.0 | 22.3 | 20.2 | 20.0 |
| -324 | -31 | 326 | 31 | 39 | 31 | -361 | -297 | -1,184 | -140 | -184 | 66 | |
Interest Expense Interest ExpenseCr | 121 | 134 | 149 | 40 | 48 | 52 | 67 | 58 | 66 | 41 | 43 | 54 |
Depreciation DepreciationCr | 141 | 147 | 151 | 118 | 120 | 123 | 125 | 130 | 141 | 154 | 148 | 173 |
PBT PBTCr | -124 | -521 | 531 | 462 | 473 | 456 | 8 | 96 | 967 | 534 | 388 | 643 |
| 56 | -72 | 1,769 | 122 | 118 | 108 | 4 | 49 | 357 | 131 | 86 | 161 | |
| -62 | -331 | -1,214 | 340 | 354 | 348 | 4 | 47 | 610 | 403 | 301 | 483 | |
Growth YoY PAT Growth YoY% | -122.1 | -213.8 | -201.2 | 96.5 | 675.8 | 205.2 | 100.4 | -86.2 | 72.2 | 15.9 | 6,779.4 | 928.0 |
NPM NPM% | -1.9 | -13.2 | -39.6 | 10.5 | 10.3 | 10.3 | 0.1 | 1.4 | 10.1 | 10.3 | 8.0 | 12.0 |
| -2.9 | -12.4 | -43.2 | 12.1 | 12.6 | 12.3 | 0.2 | 1.7 | 21.6 | 14.3 | 10.7 | 17.1 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 7,562 | 9,079 | 9,074 | 9,865 | 10,641 | 10,944 | 12,305 | 11,583 | 11,813 | 13,322 | 16,983 | 17,737 |
Growth Revenue Growth% | 14.1 | 20.1 | -0.1 | 8.7 | 7.9 | 2.9 | 12.4 | -5.9 | 2.0 | 12.8 | 27.5 | 32.9 |
| 6,125 | 7,043 | 7,459 | 8,280 | 8,943 | 8,860 | 9,985 | 9,948 | 10,618 | 10,970 | 12,410 | 12,940 | |
| 1,437 | 2,037 | 1,615 | 1,586 | 1,698 | 2,084 | 2,320 | 1,635 | 1,195 | 2,351 | 4,572 | 4,797 | |
OPM OPM% | 19.0 | 22.4 | 17.8 | 16.1 | 16.0 | 19.1 | 18.9 | 14.1 | 10.1 | 17.6 | 26.9 | 27.0 |
| 20 | -44 | 91 | 375 | 192 | 95 | -94 | -477 | -61 | -259 | -1,805 | -1,443 | |
Interest Expense Interest ExpenseCr | 179 | 237 | 286 | 335 | 377 | 353 | 298 | 349 | 516 | 207 | 209 | 204 |
Depreciation DepreciationCr | 234 | 264 | 302 | 326 | 417 | 444 | 487 | 569 | 582 | 486 | 573 | 617 |
PBT PBTCr | 1,044 | 1,491 | 1,119 | 1,301 | 1,096 | 1,382 | 1,441 | 240 | 37 | 1,399 | 1,985 | 2,533 |
| 301 | 383 | 315 | 376 | 320 | 412 | 448 | 329 | 1,867 | 352 | 623 | 735 | |
PAT PATCr | 743 | 1,109 | 804 | 925 | 776 | 970 | 994 | -90 | -1,831 | 1,047 | 1,362 | 1,798 |
Growth PAT Growth% | 56.4 | 49.2 | -27.5 | 15.1 | -16.1 | 25.0 | 2.4 | -109.0 | -1,944.3 | 157.2 | 30.1 | 138.5 |
NPM NPM% | 9.8 | 12.2 | 8.9 | 9.4 | 7.3 | 8.9 | 8.1 | -0.8 | -15.5 | 7.9 | 8.0 | 10.1 |
| 25.6 | 39.3 | 28.5 | 32.8 | 27.5 | 34.4 | 33.4 | 10.5 | -53.2 | 37.1 | 48.3 | 63.7 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 7,562 | 9,079 | 9,074 | 9,865 | 10,641 | 10,944 | 12,305 | 11,583 | 11,813 | 13,322 | 16,983 | 17,737 |
Growth Revenue Growth% | 14.1 | 20.1 | -0.1 | 8.7 | 7.9 | 2.9 | 12.4 | -5.9 | 2.0 | 12.8 | 27.5 | 32.9 |
| 6,125 | 7,043 | 7,459 | 8,280 | 8,943 | 8,860 | 9,985 | 9,948 | 10,618 | 10,970 | 12,410 | 12,940 | |
| 1,437 | 2,037 | 1,615 | 1,586 | 1,698 | 2,084 | 2,320 | 1,635 | 1,195 | 2,351 | 4,572 | 4,797 | |
OPM OPM% | 19.0 | 22.4 | 17.8 | 16.1 | 16.0 | 19.1 | 18.9 | 14.1 | 10.1 | 17.6 | 26.9 | 27.0 |
| 20 | -44 | 91 | 375 | 192 | 95 | -94 | -477 | -61 | -259 | -1,805 | -1,443 | |
Interest Expense Interest ExpenseCr | 179 | 237 | 286 | 335 | 377 | 353 | 298 | 349 | 516 | 207 | 209 | 204 |
Depreciation DepreciationCr | 234 | 264 | 302 | 326 | 417 | 444 | 487 | 569 | 582 | 486 | 573 | 617 |
PBT PBTCr | 1,044 | 1,491 | 1,119 | 1,301 | 1,096 | 1,382 | 1,441 | 240 | 37 | 1,399 | 1,985 | 2,533 |
| 301 | 383 | 315 | 376 | 320 | 412 | 448 | 329 | 1,867 | 352 | 623 | 735 | |
PAT PATCr | 743 | 1,109 | 804 | 925 | 776 | 970 | 994 | -90 | -1,831 | 1,047 | 1,362 | 1,798 |
Growth PAT Growth% | 56.4 | 49.2 | -27.5 | 15.1 | -16.1 | 25.0 | 2.4 | -109.0 | -1,944.3 | 157.2 | 30.1 | 138.5 |
NPM NPM% | 9.8 | 12.2 | 8.9 | 9.4 | 7.3 | 8.9 | 8.1 | -0.8 | -15.5 | 7.9 | 8.0 | 10.1 |
| 25.6 | 39.3 | 28.5 | 32.8 | 27.5 | 34.4 | 33.4 | 10.5 | -53.2 | 37.1 | 48.3 | 63.7 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
Reserves ReservesCr | 3,601 | 4,464 | 5,135 | 5,577 | 6,042 | 7,036 | 9,058 | 9,446 | 7,820 | 8,821 | 10,484 |
| 3,999 | 2,703 | 3,288 | 4,021 | 4,126 | 4,201 | 4,689 | 5,105 | 5,819 | 5,967 | 6,376 | |
| 2,564 | 4,569 | 4,144 | 3,663 | 4,489 | 4,338 | 2,956 | 4,427 | 692 | 1,233 | 3,020 | |
| 10,193 | 11,764 | 12,595 | 13,289 | 14,685 | 15,604 | 17,083 | 19,372 | 14,359 | 16,050 | 19,908 | |
| 5,904 | 6,875 | 6,989 | 6,697 | 6,804 | 7,360 | 8,282 | 10,726 | 7,428 | 9,295 | 11,300 | |
| 4,289 | 4,889 | 5,607 | 6,592 | 7,881 | 8,244 | 8,801 | 8,646 | 6,931 | 6,754 | 8,608 | |
| 10,193 | 11,764 | 12,595 | 13,289 | 14,685 | 15,604 | 17,083 | 19,372 | 14,359 | 16,050 | 19,908 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
Reserves ReservesCr | 3,601 | 4,464 | 5,135 | 5,577 | 6,042 | 7,036 | 9,058 | 9,446 | 7,820 | 8,821 | 10,484 |
| 3,999 | 2,703 | 3,288 | 4,021 | 4,126 | 4,201 | 4,689 | 5,105 | 5,819 | 5,967 | 6,376 | |
| 2,564 | 4,569 | 4,144 | 3,663 | 4,489 | 4,338 | 2,956 | 4,427 | 692 | 1,233 | 3,020 | |
| 10,193 | 11,764 | 12,595 | 13,289 | 14,685 | 15,604 | 17,083 | 19,372 | 14,359 | 16,050 | 19,908 | |
| 5,904 | 6,875 | 6,989 | 6,697 | 6,804 | 7,360 | 8,282 | 10,726 | 7,428 | 9,295 | 11,300 | |
| 4,289 | 4,889 | 5,607 | 6,592 | 7,881 | 8,244 | 8,801 | 8,646 | 6,931 | 6,754 | 8,608 | |
| 10,193 | 11,764 | 12,595 | 13,289 | 14,685 | 15,604 | 17,083 | 19,372 | 14,359 | 16,050 | 19,908 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 345 | 657 | 1,648 | 1,324 | 1,392 | 1,131 | 1,109 | 625 | -265 | -828 | 3,445 | |
| -880 | -712 | -1,013 | -699 | -784 | -675 | -333 | -528 | 4,561 | 2 | -1,283 | |
| 699 | 543 | -469 | -739 | -445 | -442 | -520 | -77 | -3,906 | 787 | -2,709 | |
Net Cash Flow Net Cash FlowCr | 93 | 199 | 177 | -297 | 174 | 14 | 255 | 19 | 389 | -38 | -547 |
Free Cash Flow Free Cash FlowCr | -544 | -76 | 625 | 90 | 616 | 456 | 320 | 75 | -1,162 | -1,576 | 2,090 |
CFO To PAT CFO To PAT% | 46.4 | 59.3 | 205.0 | 143.2 | 179.4 | 116.6 | 111.6 | -698.3 | 14.5 | -79.0 | 252.9 |
CFO To EBITDA CFO To EBITDA% | 24.0 | 32.3 | 102.0 | 83.5 | 82.0 | 54.3 | 47.8 | 38.3 | -22.2 | -35.2 | 75.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 345 | 657 | 1,648 | 1,324 | 1,392 | 1,131 | 1,109 | 625 | -265 | -828 | 3,445 | |
| -880 | -712 | -1,013 | -699 | -784 | -675 | -333 | -528 | 4,561 | 2 | -1,283 | |
| 699 | 543 | -469 | -739 | -445 | -442 | -520 | -77 | -3,906 | 787 | -2,709 | |
Net Cash Flow Net Cash FlowCr | 93 | 199 | 177 | -297 | 174 | 14 | 255 | 19 | 389 | -38 | -547 |
Free Cash Flow Free Cash FlowCr | -544 | -76 | 625 | 90 | 616 | 456 | 320 | 75 | -1,162 | -1,576 | 2,090 |
CFO To PAT CFO To PAT% | 46.4 | 59.3 | 205.0 | 143.2 | 179.4 | 116.6 | 111.6 | -698.3 | 14.5 | -79.0 | 252.9 |
CFO To EBITDA CFO To EBITDA% | 24.0 | 32.3 | 102.0 | 83.5 | 82.0 | 54.3 | 47.8 | 38.3 | -22.2 | -35.2 | 75.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 22,412 | 24,203 | 14,874 | 18,215 | 5,814 | 13,108 | 12,477 | 13,121 | 27,020 | 43,458 | 60,202 | 68,592 |
Price To Earnings Price To Earnings | 30.2 | 21.8 | 18.5 | 19.7 | 7.5 | 13.5 | 13.3 | 44.2 | 41.5 | 44.2 | 38.1 | |
Price To Sales Price To Sales | 3.0 | 2.7 | 1.6 | 1.9 | 0.6 | 1.2 | 1.0 | 1.1 | 2.3 | 3.3 | 3.5 | 3.9 |
Price To Book Price To Book | 6.2 | 5.4 | 2.9 | 3.3 | 1.0 | 1.9 | 1.4 | 1.4 | 3.4 | 4.9 | 5.7 | 6.5 |
EV To EBITDA EV To EBITDA | 17.3 | 13.7 | 11.2 | 13.3 | 5.4 | 8.1 | 6.5 | 10.1 | 22.3 | 18.8 | 13.0 | 14.4 |
GPM GPM% | 62.0 | 64.5 | 58.7 | 57.7 | 58.0 | 59.6 | 57.0 | 57.3 | 55.2 | 61.1 | 67.1 | 67.1 |
OPM OPM% | 19.0 | 22.4 | 17.8 | 16.1 | 16.0 | 19.1 | 18.9 | 14.1 | 10.1 | 17.6 | 26.9 | 27.0 |
NPM NPM% | 9.8 | 12.2 | 8.9 | 9.4 | 7.3 | 8.9 | 8.1 | -0.8 | -15.5 | 7.9 | 8.0 | 10.1 |
ROCE ROCE% | 17.7 | 18.8 | 14.6 | 17.3 | 14.0 | 14.4 | 13.3 | 4.2 | 6.1 | 14.2 | 19.8 | 19.8 |
ROE ROE% | 20.5 | 24.7 | 15.6 | 16.5 | 12.8 | 13.7 | 10.9 | -0.9 | -23.3 | 11.8 | 13.0 | 13.0 |
ROA ROA% | 7.3 | 9.4 | 6.4 | 7.0 | 5.3 | 6.2 | 5.8 | -0.5 | -12.8 | 6.5 | 6.8 | 6.8 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 22,412 | 24,203 | 14,874 | 18,215 | 5,814 | 13,108 | 12,477 | 13,121 | 27,020 | 43,458 | 60,202 | 68,592 |
Price To Earnings Price To Earnings | 30.2 | 21.8 | 18.5 | 19.7 | 7.5 | 13.5 | 13.3 | 44.2 | 41.5 | 44.2 | 38.1 | |
Price To Sales Price To Sales | 3.0 | 2.7 | 1.6 | 1.9 | 0.6 | 1.2 | 1.0 | 1.1 | 2.3 | 3.3 | 3.5 | 3.9 |
Price To Book Price To Book | 6.2 | 5.4 | 2.9 | 3.3 | 1.0 | 1.9 | 1.4 | 1.4 | 3.4 | 4.9 | 5.7 | 6.5 |
EV To EBITDA EV To EBITDA | 17.3 | 13.7 | 11.2 | 13.3 | 5.4 | 8.1 | 6.5 | 10.1 | 22.3 | 18.8 | 13.0 | 14.4 |
GPM GPM% | 62.0 | 64.5 | 58.7 | 57.7 | 58.0 | 59.6 | 57.0 | 57.3 | 55.2 | 61.1 | 67.1 | 67.1 |
OPM OPM% | 19.0 | 22.4 | 17.8 | 16.1 | 16.0 | 19.1 | 18.9 | 14.1 | 10.1 | 17.6 | 26.9 | 27.0 |
NPM NPM% | 9.8 | 12.2 | 8.9 | 9.4 | 7.3 | 8.9 | 8.1 | -0.8 | -15.5 | 7.9 | 8.0 | 10.1 |
ROCE ROCE% | 17.7 | 18.8 | 14.6 | 17.3 | 14.0 | 14.4 | 13.3 | 4.2 | 6.1 | 14.2 | 19.8 | 19.8 |
ROE ROE% | 20.5 | 24.7 | 15.6 | 16.5 | 12.8 | 13.7 | 10.9 | -0.9 | -23.3 | 11.8 | 13.0 | 13.0 |
ROA ROA% | 7.3 | 9.4 | 6.4 | 7.0 | 5.3 | 6.2 | 5.8 | -0.5 | -12.8 | 6.5 | 6.8 | 6.8 |
Documents — Glenmark Pharmaceuticals Ltd
Concall Transcript Summaries — Glenmark Pharmaceuticals Ltd