Beating Street estimates, pharma major Cipla on Friday reported a 43.35% year-on-year (YoY) rise in its September quarter consolidated profit at Rs 1,130.91 crore. Its revenue jumped 14.57% YoY to Rs 6,678.15 crore, beating Street estimate of Rs 6,523 crore.
The bottomline was also higher than the Rs 1,006 crore which was expected by analysts in an ET Now poll. Cipla’s consolidated margin came in at 26% during the quarter.
The pharma company’s earnings per share (EPS) rose to Rs 14.01 vs Rs 9.78 YoY.
Following the earnings beat, Cipla shares rallied up to 4% to the day’s high at Rs 1,196.85.
More to come…
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