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Cipla Q1 profit soars over 2-fold to Rs 650.6 cr on exports

Revenue in Q1 jumped 41.6 percent to Rs 3,852.8 crore compared to Rs 2,720 crore, majorly led by exports. The results for the June quarter included one-off revenue from the US market, said the company in its filing.

Cipla Q1 profit soars over 2-fold to Rs 650.6 cr on exports

TheNewsInternational Team

Drug maker Cipla beat analysts’ expectations on all parameters on Friday with the first quarter consolidated net profit rising 120.8 percent year-on-year to Rs 650.6 crore, driven by strong operational performance and revenue growth in exports.

Revenue in Q1 jumped 41.6 percent to Rs 3,852.8 crore compared to Rs 2,720 crore, majorly led by exports. The results for the June quarter included one-off revenue from the US market, said the company in its filing.

More to come…

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