Cipla meets Street expectations, posts 19% YoY rise in Q2 profit
ETMarkets.com|
Updated: Nov 07, 2017, 02.08 PM IST
Pharma firm Cipla on Tuesday reported 19.26 per cent year-on-year rise in consolidated profit at Rs 422.59 crore for the quarter ended September 30 against Rs 354.34 crore in the corresponding quarter last year. ET Now poll had predicted a consolidated profit of Rs 424 crore in Q2FY18.
Total income from operation increased 8.83 per cent YoY to Rs 4,082.41 crore during the quarter under review against Rs 3,751.02 crore in the same period last year.
The scrip was trading 4 per cent down at Rs 629.40 around 2 pm (IST). Shares of the company opened at Rs 663 and touched a high and low of Rs 663 and Rs 612, respectively, in trade so far. Benchmark BSE Sensex was down 270 points, or 0.80 per cent, at 33,460 at around the same time.
Total expenses of the company stood at Rs 3,622.26 crore in Q2FY18 over Rs 3,334.65 crore in Q2FY17.
Total income from operation increased 8.83 per cent YoY to Rs 4,082.41 crore during the quarter under review against Rs 3,751.02 crore in the same period last year.
The scrip was trading 4 per cent down at Rs 629.40 around 2 pm (IST). Shares of the company opened at Rs 663 and touched a high and low of Rs 663 and Rs 612, respectively, in trade so far. Benchmark BSE Sensex was down 270 points, or 0.80 per cent, at 33,460 at around the same time.
Total expenses of the company stood at Rs 3,622.26 crore in Q2FY18 over Rs 3,334.65 crore in Q2FY17.
