Cipla Q1 net more than doubles to Rs 651 cr

Lower input cost, high revenue boost profit; net sales up 43% to Rs 3,777 cr

Lower material cost and high revenue helped Cipla report a 121 per cent jump in net profit for the June quarter. Consolidated profit more than doubled to Rs 651 crore in the quarter, while net sales rose 43 per cent to Rs 3,777 crore.

The results came after close of trading hours at the stock exchange but the stock closed at Rs 740.5, up 2.06 per cent.

 

For the quarter, material cost was 32.5 per cent of income from operations, compared with 37.7 per cent last year.

Earnings before interest, taxes, depreciation and amortisation improved to 27 per cent, against 19.9 per cent in same quarter last year. Domestic revenue grew 8.4 per cent to Rs 1,397 crore.

Export revenue grew 75 per cent to Rs 2,380 crore.