Glenmark Pharmaceuticals (GLENMARK)₹2,671+2.94%Pharmaceuticals
In the Jun 2026 quarter (consolidated), Glenmark Pharmaceuticals reported sales of ₹4,023 Cr, up 23.2% from Jun 2025, and net profit of ₹483 Cr, up 927.6% year on year. For the year to Mar 2026, sales were ₹16,989 Cr and net profit ₹1,362 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 | 3,209 | 2,510 | 3,067 | 3,248 | 3,437 | 3,390 | 3,259 | 3,266 | 6,053 | 3,903 | 3,772 | 4,023 |
| Expenses | 2,742 | 2,715 | 2,558 | 2,654 | 2,832 | 2,784 | 2,692 | 2,681 | 3,686 | 3,030 | 3,005 | 3,215 |
| Operating Profit | 464 | −210 | 506 | 590 | 604 | 602 | 563 | 583 | 2,369 | 872 | 766 | 807 |
| OPM % | 14.1% | −8.0% | 16.1% | 18.0% | 18.1% | 18.1% | 17.0% | 18.1% | 39.1% | 22.1% | 20.1% | 20.1% |
| Other Income | −205 | 87.08 | 352 | 31.02 | 39.05 | 31.05 | −361 | −297 | −1,185 | −140 | −184 | 66.07 |
| Interest | 121 | 134 | 149 | 39.98 | 48.01 | 51.95 | 66.94 | 57.94 | 65.97 | 40.94 | 42.98 | 53.92 |
| Depreciation | 141 | 147 | 151 | 118 | 120 | 123 | 125 | 130 | 141 | 154 | 148 | 173 |
| Profit before tax | −6.01 | −403 | 555 | 462 | 473 | 456 | 8.01 | 96.04 | 966 | 534 | 388 | 643 |
| Tax % | 996.9% | −18.0% | 319.0% | 26.0% | 25.0% | 23.9% | 44.9% | 50.9% | 37.0% | 23.9% | 21.9% | 24.9% |
| Exceptional items | −151 | 41.90 | 1,064 | 0.00 | 0.00 | 0.00 | −365 | −214 | −924 | −137 | −261 | 0.00 |
| Net Profit | −61.94 | −331 | −1,213 | 340 | 354 | 348 | 3.99 | 46.97 | 610 | 403 | 301 | 483 |
| EPS (Rs) | −2.89 | −12.41 | −43.05 | 12.04 | 12.52 | 12.29 | 0.15 | 1.65 | 21.58 | 14.26 | 10.66 | 17.07 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,573 | 9,083 | 9,089 | 9,880 | 10,643 | 10,959 | 12,308 | 11,602 | 11,830 | 13,335 | 16,989 | 17,752 |
| Expenses | 6,119 | 7,039 | 7,457 | 8,274 | 8,933 | 8,850 | 9,979 | 9,941 | 10,614 | 10,958 | 12,396 | 12,934 |
| Operating Profit | 1,442 | 2,045 | 1,623 | 1,591 | 1,704 | 2,090 | 2,334 | 1,642 | 1,199 | 2,358 | 4,590 | 4,814 |
| OPM % | 19.1% | 22.1% | 18.1% | 16.1% | 16.1% | 19.0% | 19.1% | 14.0% | 10.1% | 18.0% | 27.1% | 27.1% |
| Other Income | 20.01 | −44.05 | 89.11 | 375 | 191 | 95.11 | −101 | −10.02 | 337 | −259 | −1,808 | −1,443 |
| Interest | 179 | 237 | 286 | 335 | 377 | 353 | 298 | 349 | 515 | 207 | 209 | 204 |
| Depreciation | 234 | 264 | 302 | 326 | 417 | 444 | 487 | 569 | 582 | 486 | 573 | 616 |
| Profit before tax | 1,044 | 1,491 | 1,119 | 1,301 | 1,095 | 1,381 | 1,440 | 707 | 434 | 1,400 | 1,983 | 2,531 |
| Tax % | 29.0% | 26.0% | 27.9% | 28.9% | 29.0% | 29.9% | 30.9% | 46.9% | 430.0% | 24.9% | 30.9% | — |
| Exceptional items | 0.00 | −45.90 | −0.99 | 106 | 19.95 | 28.94 | −166 | −311 | 2,964 | −270 | −1,588 | −1,321 |
| Net Profit | 743 | 1,108 | 804 | 925 | 776 | 970 | 993 | 377 | −1,433 | 1,047 | 1,362 | 1,796 |
| EPS (Rs) | 26.26 | 39.18 | 28.43 | 32.70 | 27.42 | 34.29 | 33.28 | 10.49 | −53.07 | 37.00 | 48.16 | 63.57 |
| Dividend payout % | 8.0% | 5.0% | 7.0% | 6.0% | 9.0% | 7.0% | 7.0% | 24.0% | −5.0% | 7.0% | 5.0% | — |
| 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 | 26.92 | 27.95 | 27.96 | 27.96 | 27.93 | 27.94 | 27.93 | 27.92 | 27.96 | 27.96 | 27.96 | 27.92 |
| Reserves | 1,753 | 3,596 | 4,459 | 5,126 | 5,569 | 6,028 | 7,027 | 9,036 | 9,428 | 7,811 | 8,806 | 10,466 |
| Borrowings | 3,799 | 3,991 | 4,723 | 4,642 | 4,453 | 4,869 | 4,986 | 3,963 | 4,608 | 1,232 | 2,474 | 594 |
| Other Liabilities | 2,738 | 2,583 | 2,560 | 2,806 | 3,237 | 3,737 | 3,526 | 4,022 | 5,314 | 5,288 | 4,691 | 8,812 |
| Total Liabilities | 8,317 | 10,200 | 11,770 | 12,603 | 13,287 | 14,662 | 15,568 | 17,051 | 19,378 | 14,359 | 15,999 | 19,899 |
| Fixed Assets | 2,007 | 2,585 | 2,745 | 3,018 | 3,655 | 5,009 | 5,109 | 5,865 | 5,398 | 4,194 | 4,470 | 6,368 |
| CWIP | 477 | 543 | 707 | 1,121 | 1,397 | 1,221 | 1,381 | 1,010 | 1,189 | 662 | 834 | 428 |
| Investments | 16.99 | 16.99 | 15.99 | 15.01 | 29.99 | 24.99 | 25.01 | 49.99 | 45.02 | 790 | 55.97 | 41.99 |
| Other Assets | 5,816 | 7,055 | 8,302 | 8,450 | 8,205 | 8,407 | 9,054 | 10,126 | 12,746 | 8,714 | 10,639 | 13,061 |
| Inventories | 1,273 | 1,573 | 2,144 | 2,035 | 2,257 | 2,142 | 2,285 | 2,508 | 2,381 | 2,520 | 3,038 | 3,439 |
| Trade receivables | 2,506 | 2,487 | 2,401 | 2,326 | 2,192 | 2,406 | 2,568 | 3,095 | 3,661 | 1,854 | 3,334 | 4,951 |
| Cash & equivalents | 775 | 857 | 1,057 | 1,234 | 938 | 1,110 | 1,138 | 1,410 | 1,160 | 1,657 | 1,704 | 1,175 |
| Total Assets | 8,317 | 10,200 | 11,770 | 12,603 | 13,287 | 14,662 | 15,568 | 17,051 | 19,378 | 14,359 | 15,999 | 19,899 |
| 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 | 481 | 345 | 656 | 1,647 | 1,322 | 1,389 | 1,130 | 1,107 | 624 | −265 | −826 | 3,441 |
| Cash from investing activity | −713 | −950 | −1,002 | −1,004 | −884 | −775 | −663 | −316 | −515 | 4,387 | 58.04 | −1,283 |
| Cash from financing activity | 198 | 696 | 541 | −466 | −736 | −443 | −440 | −518 | −76.72 | −3,892 | 784 | −2,698 |
| Net cash flow | −30.99 | 93.03 | 199 | 177 | −297 | 174 | 27.99 | 272 | 32.01 | 215 | 17.01 | −547 |
| Capex | 546 | 894 | 752 | 1,049 | 1,243 | 935 | 778 | 794 | 610 | 902 | 753 | 1,364 |
| Free cash flow | −56.18 | −546 | −76.21 | 627 | 714 | 618 | 457 | 321 | 75.21 | −1,165 | −1,579 | 2,096 |
| CFO / OP % | 65.9% | 56.9% | 66.9% | 123.9% | 110.9% | 109.0% | 79.0% | 71.9% | 76.9% | 64.9% | −6.0% | 91.9% |
| 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 | 140 | 120 | 97 | 94 | 81 | 83 | 86 | 92 | 115 | 57 | 92 | 107 |
| Inventory days | 248 | 250 | 300 | 245 | 245 | 212 | 231 | 209 | 204 | 209 | 255 | 265 |
| Days payable | 380 | 309 | 244 | 226 | 242 | 211 | 227 | 191 | 173 | 211 | 217 | 289 |
| Cash conversion cycle | 7 | 60 | 151 | 112 | 84 | 83 | 89 | 109 | 146 | 55 | 128 | 82 |
| Working capital days | 47 | 51 | 125 | 99 | 64 | 54 | 67 | 65 | 141 | −2 | 44 | 81 |
| ROCE % | 16.1% | 19.0% | 21.0% | 15.1% | 15.1% | 14.0% | 15.0% | 16.0% | 10.0% | 12.0% | 19.1% | 40.1% |
For the Jun 2026 quarter, Glenmark Pharmaceuticals reported sales of ₹4,023 Cr, up 23.2% year on year and net profit of ₹483 Cr, up 927.6% year on year. The operating margin was 20.1%.
Glenmark Pharmaceuticals' sales for the year to Mar 2026 were ₹16,989 Cr; over the last twelve months they were ₹17,752 Cr.
Net profit for the year to Mar 2026 was ₹1,362 Cr, and ₹1,796 Cr over the last twelve months. Earnings per share over the same trailing period were ₹63.57.
Glenmark Pharmaceuticals reported borrowings of ₹594 Cr at Mar 2026, against cash and equivalents of ₹1,175 Cr.
Cash from operations was ₹3,441 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2,096 Cr.