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Cipla quarterly profit dips nearly 11 percent, misses estimate


(Reuters) - Drugmaker Ltd posted a nearly 11 percent fall in second-quarter profit on Monday, much lower than expectations.

Profit fell to 3.77 billion rupees ($51.73 million) in the quarter ended Sept. 30, compared with 4.23 billion rupees a year ago, said https://

That missed analysts average expectation of 4.56 billion rupees, according to Refinitiv data.

Net sales fell 1 percent to 39.48 billion rupees.

($1 = 73.0650 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru)

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

First Published: Mon, November 05 2018. 12:55 IST