GlaxoSmithKline Pharma net drops 5 percent in Q1

GlaxoSmithKline Pharmaceuticals posted net profit of Rs.93.28 crore for the first quarter of 2015-16, a drop of 5.09 percent to Rs.98.29 crore in the corresponding quarter in 2014-15.

The total income has decreased from Rs.701.89 crore for the quarter ended June 30, 2014 to Rs.668.19 crore for the quarter ended June 30, 2015, the company said in a filing in the Bombay Stock Exchange on Friday.