Finance Update Uncategorized

Cipla net profit slips by 17% y-o-y

  • Net profit fell by 17% y-o-y to Rs. 332.2 crore from Rs. 400.5 crore.
  • Revenue rose by 2.4% y-o-y to Rs. 4,077.5 crore from Rs. 3,914 crore.
  • EBITDA slipped by 13.6% y-o-y to Rs. 707.7 crore from Rs. 818.7 crore.

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Cipla spurts after announcing Q3 result

Cipla gained 4.55% to Rs 532 at 15:15 IST on BSE after after the company announced its Q3 December 2018 result during market hours today, 6 February 2019.

Meanwhile, the BSE Sensex was up 350.87 points, or 0.96% to 36,967.68

On the BSE, 3.13 lakh shares were traded in the counter so far compared with average daily volumes of 1.07 lakh shares in the past two weeks. The stock had hit a high of Rs 536 and a low of Rs 504.40 so far during the day.

Cipla’s consolidated profit after tax fell 17% to Rs 332 crore on 2% rise in total revenue from operations to Rs 4008 crore in Q3 December 2018 over Q3 December 2017.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) fell 12% to Rs 720 crore in Q3 December 2018 over Q3 December 2017.

Umang Vohra, MD and Global CEO, Cipla said the company’s US business has delivered strongly in Q3 December 2018 as a result of scale-up of new launches.

Cipla is a global pharmaceutical company focused on agile and sustainable growth, complex generics, and deepening portfolio in home markets of India, South Africa, North America, and key regulated and emerging markets.

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