New Delhi, February 17 Shares of GlaxoSmithKline Pharmaceuticals jumped nearly 16 percent on Monday as the company reported a five-fold jump in net profit to Rs 229 crore for the third quarter ended December 31, 2024.
The stock jumped 15.59 percent to close at Rs 2,332.25 on the BSE. It rose 20 percent to Rs 2,421.30 during the day.
It rose 15.90 percent to Rs 2,339 on the NSE.
The pharmaceutical company reported a net profit of Rs 45 crore in the October-December quarter of the previous fiscal.
Revenue from operations rose to Rs 949 crore in the third quarter as against Rs 805 crore in the same period a year ago, GlaxoSmithKline Pharmaceuticals said in a statement on Friday.
Bhushan Akshikar, MD, GlaxoSmithKline Pharmaceuticals said, “Our strong third quarter results reflect our unwavering commitment to deliver innovative healthcare solutions to patients across India.”
