GSK Pharma Q1 profit at Rs 88.59 cr
GlaxoSmithKline Pharmaceuticals today reported standalone net profit of Rs 88.59 crore for the first quarter of the current fiscal.
It had posted a net profit of Rs 26.42 crore for April-June quarter of last fiscal, 2017-18, GlaxoSmithKline said in a filing to BSE.
The company's standalone total income was Rs 753.43 crore for the first quarter of 2018-19. It was Rs 620.84 crore for the year-ago period.
It said the figures for the quarter ended June 30, 2018-19 are not comparable with the corresponding quarter of last fiscal.
The board has approved and recommended a bonus issue of one equity share for every equity share held as on a record date to be determined, GlaxoSmithKline said.
The company's stock closed at Rs 3,150.90 BSE, up 13.91 per cent, on BSE.
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