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Cipla Q4 net rises 41%

Cipla Q4 net rises 41%
PTI
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First Published: Fri, Apr 24 2009. 10 45 PM IST
Updated: Fri, Apr 24 2009. 10 45 PM IST
Mumbai: Pharma firm Cipla on Friday said its net profit for the fourth quarter (Q4) ended 31 March has increased by 40.94% to Rs252.92 crore.
The company had a net profit of Rs179.45 crore in the same quarter ended 31 March 2008, Cipla said in a filing to the Bombay Stock Exchange (BSE).
Total operating income of the company rose to Rs1,366.74 crore during the quarter under review, as against Rs1,122.10 crore in the same quarter previous fiscal. For the year ended 31 March, the company has posted a net profit of Rs767.83 crore, up 9.46% to Rs701.43 crore in the same period last fiscal.
Material cost (as a per cent to income from operations) has decreased during the quarter mainly on account of sales expenditure, foreign exchange loss (Rs10 crore loss as compared to Rs25 crore gain in corresponding last quarter) and year-end provisions, the filing added. Shares of Cipla settled up 3.59% at Rs239.35 on the BSE.
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First Published: Fri, Apr 24 2009. 10 45 PM IST