GlaxoSmithkline Pharmaceuticals has posted a 52 per cent increase in net profit to Rs 35.09 crore for the first quarter ended March 31, 2003 as against Rs 23.02 crore for the corresponding quarter ended last fiscal.
Total income has decreased 1.5 per cent to Rs 268.37 crore from Rs 272.55 crore, the company said in a release to the BSE.