Cipla Q1 net up 58% at Rs 400 cr

Analysts, on an average, expect 36% growth in net profit and 18% in net revenues on year-on-year basis

Drug firm Cipla today posted 58.19% rise in net profit at Rs 400.76 crore for the first quarter ended June 30, 2012.

The company had posted a net profit of Rs 253.34 for the same period of previous fiscal, Cipla Ltd said in a filing to the BSE.

Net sales of the company rose to Rs 1,917.38 crore during the reported quarter compared to Rs 1,550.33 crore in the same period of 2011-12 fiscal.

Shares of Cipla today closed at Rs 338.55 apiece on the BSE, up 1.67% from its previous close.