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Gland Pharma Q2 Results: Profit Falls Missing Estimates

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Gland Pharma Ltd.’s second-quarter profit declined, missing forecasts.Net profit of the Hyderabad-based generic injectable manufacturer fell 20% year-on-year to Rs 241 crore in the three months through September, according to its exchange filing. That compares with the Rs 259-crore consensus estimate of analysts tracked by Bloomberg.Sequentially, the profit rose 5%.Gland Pharma Q2 Highlights (YoY)Revenue fell 3% to Rs 1,044 crore, ag…



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