Gland Pharma net profit down 72% to Rs 79 crore in Q4FY23

Gland Pharma on Thursday reported 72% year-on-year (YoY) drop in net profit to Rs 79 crores in Q4FY23 due to production shutdown at one of its facilities in Telangana and soft demand. The company reported net profit of Rs 285 crores in the same quarter of the previous year.Revenue from operations slumped 29% YoY in Q4FY23 to Rs 785 crore in Q4FY23.

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