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Business News/ Companies / Cipla posts 58% growth in net profit
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Cipla posts 58% growth in net profit

Cipla posts 58% growth in net profit

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Mumbai: Strong growth in both domestic and export revenues and savings in material costs helped Cipla Ltd, the country’s third-largest drugmaker by sales, post a 58.2% increase in net profit at Rs401 crore for the April-June quarter.

Total revenue grew 24% to 2,012 crore during the first quarter from 1,6

“The increase in domestic sales was largely on account of growth in the anti-asthma and antibiotics segments," the company said in a statement on Tuesday.

Shares of the company, which announced the results after trading hours, rose 1.67% on Tuesday to close at 338.55 a unit on BSE Ltd.

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Published: 31 Jul 2012, 06:42 PM IST
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