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Cipla Q3 results: Profit rises 32% to Rs 1,068 crore, beats estimates

News Desk by News Desk
January 22, 2024
in Business
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Cipla Q3 results: Profit rises 32% to Rs 1,068 crore, beats estimates
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Total income of Cipla in the third quarter stood at Rs 6.788.44 crore, up 14.58 per cent


Pharmaceuticals firm Cipla Ltd on Monday reported a 32.25 per cent rise in consolidated profit to Rs 1,068.41 crore in the third quarter ended December 2023.


The company had posted a consolidated profit of Rs 807.83 crore in the year-ago period, Cipla Ltd said in a regulatory filing.


Consolidated revenue from operation in the quarter under review was Rs 6,603.81 crore, up 13.66 per cent. It was Rs 5,810.09 crore in the corresponding period a year ago.


In the December quarter, its total expenses were 8.78 per cent higher at Rs 5,119.81 crore as against Rs 4,706.47 crore in the October-December quarter last fiscal, the company said.


Total income of Cipla in the third quarter stood at Rs 6.788.44 crore, up 14.58 per cent.


During the quarter, its revenue from pharmaceuticals was Rs 6,365.06 crore, and from new ventures was Rs 280.51 crore.

First Published: Jan 22 2024 | 7:36 PM IST



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Tags: beatsCiplacorporate earningscroreEarnings growthestimatesPharma sectorProfitQ3 resultsresultsrises
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