MUMBAI (Reuters) - Shares in Cipla Ltd fall after company's December quarter profit fell by 16.5 percent to 2.84 billion rupees, lagging some analysts estimates.
Company's operational margins for December-quarter at 18.1 percent were lowest in nearly 11 quarters, weighed down by higher research and development expenditure and staff costs, analysts say.
Cipla shares were trading down nearly 6 percent at 12.05 p.m.
(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)