Cipla Q3 net profit rises 10%
Despite decent India perfor-mance, some weakness in the Africa business pulled down the overall show
Cipla Ltd on Wednesday reported a net profit of ₹801 crore for the quarter ending 31 December, up 9.9% year-on-year. Excluding one-time tax charge on account of DTA (deferred tax asset) reversal, the adjusted net profit at ₹876 crore grew 20.2 % y-o-y and 11.0% sequentially. But it fell short of Bloomberg Consensus analysts’ estimates of ₹904.6 crore.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more