Cipla Q4 Results: Profit Fell 33% To 238 Crore

5/15/2020 7:56:24 AM

Cipla reported a 33.32 percent drop in consolidated net profit for the March quarter to 238.39 crore on Friday, compared to 357.68 crore in the previous quarter.

Revenues from operations for the quarter decreased to 4,376.19 crore compared with 4,403.98 crore for the same period last year.

The company said that it would also grow to 3,000 crore by issuing shares, depository receipts or bonds subject to approval.

Cipla said its Indian business was showing a third consecutive quarter, with double-digit market growth, and for the full year that growth was 9 percent.

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