Glenmark recorded revenue growth of 20% yoy to Rs10.4bn, was below our estimate by 4%.
Particulars | Q1FY13 | Q1FY12 | %yoy | Q4FY12 | % qoq |
Specialty Business | 5,046 | 4,108 | 22.9 | 5,944 | (15.1) |
India | 2,798 | 2,254 | 24.1 | 2,682 | 4.3 |
Rest of the World (ROW) | 1,348 | 1,047 | 28.8 | 1,828 | (26.2) |
Latin America | 631 | 592 | 6.5 | 714 | (11.7) |
Europe | 270 | 215 | 25.4 | 720 | (62.5) |
Out-Licensing Revenue | - | - | - | - | - |
Generics Business | 5,300 | 3,362 | 57.7 | 4,685 | 13.1 |
US | 3,924 | 2,512 | 56.2 | 3,435 | 14.2 |
Europe | 332 | 175 | 89.5 | 364 | (8.7) |
Latin America | 39 | 29 | 36 | 37 | 8 |
API | 1,005 | 646 | 56 | 850 | 18 |
Others | 58 | 101 | (43) | 30 | 93 |
Total | 5,046 | 4,108 | 22.9 | 5,944 | (15.1) |