Cipla reports 43% rise in PAT at Rs 1,130 crore in Q2; margins at 26%
The consolidated revenue from operations Cipla increased more than 14 per cent to Rs 6,589.22 crore in the second quarter of the ongoing fiscal.
Stay updated with breaking news from Cipla Earnings. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The consolidated revenue from operations Cipla increased more than 14 per cent to Rs 6,589.22 crore in the second quarter of the ongoing fiscal.
"As a policy we don't want to comment on speculative news," said Sudhir Mehta, chairman emeritus of Torrent Pharma, referring to reports about the race to acquire Cipla at the company's earnings call. Mehta said the company's capital allocation will be largely geared towards India.
Consolidated operating profit, calculated as earnings before interest, taxes, depreciation, and amortization (EBITDA), grew by 31% on year to Rs 1,494.02 crore. Operating margin expanded a sharp 234 basis points to 23.6%.
Pharmaceutical firm Cipla has announced a 10.9 per cent growth in its profit after tax to Rs 789 crore for the quarter ended September 2022, against Rs 711 crore in the year-ago period.
Cipla on Tuesday reported a 2.6 per cent decline in its consolidated profit after tax to Rs 729 crore for the third quarter ended on December 31, 2021