GlaxoSmithKline Pharmaceuticals Limited (GSK) has approved an investment of ₹1.74 crores for a solar power project at its Nashik plant under a group captive mechanism. The Board also approved the unaudited standalone and consolidated financial results for Q2 2025 (July-September), showcasing a profit of ₹255.0 million. This strategic move underscores GSK’s commitment to sustainability and robust financial performance.
Investment in Solar Power
The Board of Directors has given the green light to an investment of ₹1.74 crores for a solar power project. This project will be located at the company’s Nashik plant and will operate under a group captive mechanism, reinforcing GSK’s commitment to renewable energy. The initiative aligns with the company’s sustainability goals, aiming to optimize energy costs and comply with regulatory requirements for captive power consumption.
Q2 2025 Financial Performance (Standalone)
For the second quarter of 2025 (July-September), GSK reported a revenue from operations of ₹9736.3 million. Other income contributed ₹312.7 million, bringing the total income to ₹10049 million. The company’s profit for the quarter reached ₹255 million.
Key Financial Highlights (Standalone)
- Revenue from Operations:₹9736.3 million
- Total Income:₹10049 million
- Profit for the Period:₹255 million
Q2 2025 Financial Performance (Consolidated)
The consolidated results for Q2 2025 show a revenue from operations of ₹9799.4 million and a total income of ₹10135.1 million. The consolidated profit for the period stood at ₹257.49 million.
Key Financial Highlights (Consolidated)
- Revenue from Operations:₹9799.4 million
- Total Income:₹10135.1 million
- Profit for the Period:₹257.49 million
Acquisition Details
GSK is acquiring a 26% shareholding in Clean Max Galapagos Private Limited, a special purpose vehicle (SPV) established to supply 4.95 MWp capacity to GSK’s Maharashtra operations. The cost of this acquisition is ₹17.36 million. The target entity is newly incorporated (May 21, 2024) and focused on renewable energy.
Source: BSE
