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Cipla shares jump 5 pc post Q1 earnings

Press Trust of India  |  New Delhi 

Shares of today spurted nearly 5 per cent after the company posted a 10 per cent increase in consolidated net profit for the June quarter.

The stock, after a positive opening, further jumped 4.49 per cent to Rs 661.90 on BSE.

At NSE, shares of the company gained 4.73 per cent to Rs 662.50.

Drug yesterday posted a 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 of the previous fiscal.

Total income from operations stood at Rs 3,939 crore in the quarter, as compared to Rs 3,525 crore earlier.

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

First Published: Thu, August 09 2018. 11:25 IST