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Cipla Q1 net profit up 10% at Rs 451 cr

Press Trust of India  |  New Delhi 

Drug today posted 10 per cent increase in its consolidated net profit to Rs 451 crore for the first quarter ended June 30, driven by robust sales across various markets.

The company had reported a net profit of Rs 409 crore in the same period previous fiscal.

Total Income from operations stood at Rs 3,939 crore in the quarter, as compared to Rs 3,525 crore in the corresponding period last year, said in a statement.

"competition launches in the US were in-line with our expectations and we are looking forward to interesting launches in the coming weeks," MD and said.

The company continued to retain its focus on quality with EIR (establishment inspection report) received for and plants, he added.

The Mumbai-based company also announced appointment of R Ananthanarayanan as its (GCOO), effective today.

In his role at Cipla, he will oversee R&D, manufacturing, supply chain, API business and the key geographies of North America, and emerging markets to help leverage and grow company's generics portfolio and competencies in these markets.

He will report to Vohra.

Shares of the company today ended 0.75 per cent up at Rs 633.40 per unit on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 17:30 IST