Ethical Compliance

GLENMARK LIFE SCIENCE

Revenue

0.5%

Debt

0%

Liquidity

10.6%

Revenue

Debt

Liquidity

0.5%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Sale of Pharmaceuticals Products
₹2,184.77

  Export Incentives
₹98.44

  Other Income
₹0.02

Questionable

INR Crores

Non Compliant

INR Crores

  Interest Income
₹12.02

INR Crores

Revenue from Questionable Sources:₹0.00
Revenue from Non Compliant Sources:₹12.02
Total:₹12.02
Total Revenue:₹2,295.26

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹12.02

₹2,295.26

= 0.5%

compliant

Rationale

The sum of revenue from questionable and non-compliant sources should not exceed 3% of the total revenue. This ensures that the company has tolerable reliance on unethical sources of revenue.