Cipla quarterly profit dips nearly 11 percent, misses estimate

(Reuters) - Drugmaker Cipla Ltd posted a nearly 11 percent fall in second-quarter profit on Monday, much lower than analyst 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, Cipla said https://www.bseindia.com/xml-data/corpfiling/AttachLive/f38e4498-9c30-4845-8b55-029d347420a8.pdf.

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)