Cipla Q1 net rises 10%, tops estimates

Cipla Q1 net rises 10%, tops estimates

Cipla’s net sales jumped 12% to Rs 3,846 crore during the April-June quarter

Cipla’s net sales jumped 12% to Rs 3,846 crore during the April-June quarter

Bengaluru: Cipla Ltd, India’s third-largest drugmaker by market capitalisation, posted a more than 10 percent rise in its first-quarter profit on Wednesday, well above analysts’ expectations. Net profit came in at Rs 451 crore in the three months ended 30 June, compared with Rs 409 crore a year ago, the company said in a statement.

Analysts on average had expected a profit of Rs 391 crore, Thomson Reuters Eikon data showed.

Net sales jumped 12% to Rs 3,846 crore during the April-June quarter, against the year-ago period.

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