India's GlaxoSmithKline Pharma gains on Q2 profit growth

GlaxoSmithKline Pharmaceuticals

30/10/2024 05:36

** Shares of GlaxoSmithKline Pharma  GLAX.NS  rise 2% to
2,682 rupees
    ** The pharma co posted a 15% uptick in Q2 consol profit
before tax to 3.44 bln rupees (~$41 mln)
    ** Rev for ops grew 5.6%, driven by strong demand for its
generic drugs and vaccines
    ** Stock up 41% so far this year



($1 = 84.0770 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))