Cipla shares surge over 6% after Q1 earnings
Shares of drug major Cipla today
rose over 6 per cent after the company reported 23.63 per
cent rise in consolidated net profit for the first quarter
ended June 30.
After opening the trade on a positive note, the stock
further gained 6 per cent to Rs 575.40 on BSE.
At NSE, shares of the company jumped 6.39 per cent to Rs
Cipla on Friday reported a 23.63 per cent rise in
consolidated net profit to Rs 424.92 crore for the first
quarter ended June 30.
The company had posted a net profit of Rs 343.70 crore
for the corresponding period of the previous fiscal, Cipla
said in a BSE filing.
Consolidated total income from operations stood at Rs
3,525.05 crore for the quarter under consideration as against
Rs 3,650.03 crore for the same period a year ago.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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