GlaxoSmithKline Pharmaceuticals (GLAXO)₹2,710+6.71%Pharmaceuticals
In the Jun 2026 quarter (consolidated), GlaxoSmithKline Pharmaceuticals reported sales of ₹937 Cr, up 16.6% from Jun 2025, and net profit of ₹237 Cr, up 15.6% year on year. For the year to Mar 2026, sales were ₹3,818 Cr and net profit ₹1,038 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 955 | 804 | 929 | 813 | 1,010 | 948 | 973 | 804 | 978 | 1,040 | 994 | 937 |
| Expenses | 670 | 590 | 676 | 586 | 691 | 661 | 644 | 556 | 647 | 672 | 647 | 646 |
| Operating Profit | 290 | 218 | 258 | 232 | 323 | 293 | 334 | 252 | 337 | 372 | 352 | 297 |
| OPM % | 30.0% | 27.0% | 28.0% | 28.0% | 32.0% | 31.1% | 34.0% | 31.0% | 34.0% | 36.0% | 35.0% | 31.0% |
| Other Income | 27.91 | −134 | 31.90 | 35.86 | 38.84 | 34.87 | 40.84 | 43.86 | 35.89 | 49.80 | 35.86 | 43.85 |
| Interest | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 |
| Depreciation | 18.02 | 17.03 | 18.04 | 16.04 | 17.04 | 19.02 | 15.03 | 16.02 | 17.03 | 20.03 | 13.03 | 16.04 |
| Profit before tax | 299 | 65.01 | 271 | 249 | 344 | 308 | 359 | 279 | 354 | 400 | 373 | 322 |
| Tax % | 27.1% | 30.0% | 28.1% | 27.0% | 27.0% | 25.0% | 27.0% | 27.0% | 27.0% | 26.0% | 26.0% | 26.0% |
| Exceptional items | 0.00 | −132 | 2.01 | 0.00 | 3.01 | 0.00 | 0.00 | 0.00 | 2.01 | 13.02 | 0.00 | 0.00 |
| Net Profit | 218 | 46.04 | 194 | 182 | 252 | 230 | 264 | 205 | 258 | 297 | 279 | 237 |
| EPS (Rs) | 12.88 | 2.71 | 11.51 | 10.80 | 14.97 | 13.62 | 15.56 | 12.13 | 15.25 | 17.52 | 16.46 | 14.04 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,836 | 2,906 | 2,865 | 3,126 | 3,220 | 2,921 | 3,275 | 3,249 | 3,451 | 3,745 | 3,818 | 3,949 |
| Expenses | 2,371 | 2,500 | 2,372 | 2,536 | 2,576 | 2,335 | 2,525 | 2,457 | 2,556 | 2,581 | 2,524 | 2,612 |
| Operating Profit | 479 | 421 | 509 | 602 | 658 | 600 | 764 | 806 | 911 | 1,181 | 1,313 | 1,358 |
| OPM % | 17.0% | 14.0% | 18.0% | 19.0% | 20.0% | 20.0% | 23.0% | 25.0% | 26.0% | 31.0% | 34.0% | 34.4% |
| Other Income | 125 | 119 | 69.72 | 130 | −261 | 8.96 | 1,397 | 103 | −20.94 | 148 | 165 | 165 |
| Interest | 0.00 | 0.00 | 0.00 | 1.01 | 6.02 | 4.01 | 2.01 | 2.01 | 2.01 | 1.01 | 3.01 | 4.04 |
| Depreciation | 25.05 | 27.04 | 38.05 | 49.13 | 83.14 | 79.18 | 68.08 | 66.15 | 70.14 | 67.14 | 66.17 | 66.13 |
| Profit before tax | 578 | 511 | 540 | 683 | 306 | 525 | 2,092 | 839 | 816 | 1,260 | 1,407 | 1,449 |
| Tax % | 35.0% | 34.0% | 35.0% | 35.0% | 70.0% | 32.0% | 19.0% | 27.0% | 28.1% | 26.0% | 26.0% | — |
| Exceptional items | 2.01 | 30.02 | 10.01 | 20.03 | −51.06 | −118 | 11.01 | 21.02 | −67.02 | 54.10 | 74.11 | 15.03 |
| Net Profit | 377 | 338 | 351 | 446 | 93.14 | 359 | 1,699 | 612 | 591 | 930 | 1,038 | 1,070 |
| EPS (Rs) | 22.28 | 19.94 | 20.77 | 26.36 | 5.52 | 21.20 | 100.42 | 36.16 | 34.92 | 54.90 | 61.37 | 63.27 |
| Dividend payout % | 113.0% | 75.0% | 85.0% | 76.0% | 727.0% | 142.0% | 90.0% | 89.0% | 92.0% | 99.0% | 93.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 84.68 | 84.73 | 84.70 | 84.71 | 168 | 168 | 168 | 168 | 169 | 169 | 168 | 168 |
| Reserves | 1,748 | 2,102 | 1,927 | 1,978 | 1,975 | 1,656 | 1,313 | 2,500 | 1,577 | 1,613 | 1,788 | 2,105 |
| Borrowings | 2.99 | 1.99 | 1.99 | 0.99 | 0.99 | 0.00 | 34.96 | 19.96 | 15.98 | 18.96 | 9.99 | 32.93 |
| Other Liabilities | 1,377 | 865 | 990 | 1,884 | 1,768 | 1,309 | 1,598 | 1,945 | 1,564 | 1,757 | 2,143 | 2,019 |
| Total Liabilities | 3,213 | 3,053 | 3,004 | 3,946 | 3,913 | 3,134 | 3,114 | 4,633 | 3,325 | 3,559 | 4,110 | 4,327 |
| Fixed Assets | 123 | 204 | 258 | 325 | 432 | 757 | 387 | 331 | 330 | 321 | 284 | 281 |
| CWIP | 115 | 269 | 606 | 925 | 1,005 | 120 | 13.02 | 30.06 | 20.05 | 14.02 | 14.03 | 33.08 |
| Investments | 0.00 | 6.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 367 | 519 | 815 | 1,120 | 1,396 |
| Other Assets | 2,974 | 2,575 | 2,139 | 2,698 | 2,477 | 2,256 | 2,714 | 3,907 | 2,455 | 2,408 | 2,691 | 2,617 |
| Inventories | 374 | 524 | 424 | 498 | 484 | 481 | 545 | 533 | 458 | 523 | 481 | 456 |
| Trade receivables | 100 | 127 | 171 | 147 | 120 | 100 | 216 | 206 | 192 | 222 | 293 | 273 |
| Cash & equivalents | 1,915 | 1,394 | 902 | 1,299 | 1,173 | 1,085 | 1,161 | 2,493 | 1,160 | 1,066 | 1,407 | 1,394 |
| Total Assets | 3,213 | 3,053 | 3,004 | 3,946 | 3,913 | 3,134 | 3,114 | 4,633 | 3,325 | 3,559 | 4,110 | 4,327 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 337 | 139 | 233 | 472 | 408 | 489 | 576 | 809 | 482 | 580 | 1,286 | 901 |
| Cash from investing activity | 180 | 499 | 301 | −104 | −153 | −57.07 | 418 | −406 | 809 | 9.01 | −46.05 | 397 |
| Cash from financing activity | −496 | −637 | −510 | −307 | −358 | −427 | −695 | −523 | −1,540 | −562 | −768 | −736 |
| Net cash flow | 20.94 | 0.00 | 23.93 | 61.83 | −102 | 5.98 | 299 | −119 | −250 | 28.92 | 473 | 561 |
| Capex | 164 | 233 | 305 | 405 | 292 | 156 | 44.14 | 35.10 | 44.17 | 31.13 | 23.07 | 55.19 |
| Free cash flow | 175 | −69.16 | −24.05 | 641 | 167 | 337 | 537 | 2,376 | 452 | 575 | 1,276 | 872 |
| CFO / OP % | 93.0% | 72.0% | 94.0% | 132.9% | 100.9% | 102.9% | 121.0% | 121.9% | 93.0% | 91.9% | 116.0% | 93.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 12 | 17 | 22 | 20 | 15 | 12 | 28 | 24 | 23 | 24 | 29 | 27 |
| Inventory days | 90 | 155 | 110 | 146 | 130 | 134 | 158 | 143 | 130 | 143 | 125 | 123 |
| Days payable | 74 | 97 | 73 | 149 | 109 | 100 | 135 | 156 | 122 | 171 | 186 | 154 |
| Cash conversion cycle | 27 | 75 | 60 | 17 | 36 | 46 | 50 | 11 | 31 | −4 | −31 | −4 |
| Working capital days | −48 | 26 | 7 | −90 | −72 | −38 | −39 | −94 | −57 | −64 | −99 | −91 |
| ROCE % | 42.0% | 29.1% | 22.0% | 26.1% | 31.1% | 33.1% | 38.0% | 37.0% | 36.0% | 51.1% | 63.0% | 61.1% |
For the Jun 2026 quarter, GlaxoSmithKline Pharmaceuticals reported sales of ₹937 Cr, up 16.6% year on year and net profit of ₹237 Cr, up 15.6% year on year. The operating margin was 31.0%.
GlaxoSmithKline Pharmaceuticals' sales for the year to Mar 2026 were ₹3,818 Cr; over the last twelve months they were ₹3,949 Cr.
Net profit for the year to Mar 2026 was ₹1,038 Cr, and ₹1,070 Cr over the last twelve months. Earnings per share over the same trailing period were ₹63.27.
GlaxoSmithKline Pharmaceuticals reported borrowings of ₹32.93 Cr at Mar 2026, against cash and equivalents of ₹1,394 Cr.
Cash from operations was ₹901 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹872 Cr.