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Cipla Q3 profit increases 4.8% YoY

Cipla has reported a 4.8% increase in YoY profit, at Rs.403.5 crore for the quarter ended December 31,2017. Profit for the year ago quarter was at Rs.384.91 crore.

Revenue from operation increased by 7.3% to Rs.3,913.8 crore for the December quarter, as against Rs.3,647.2 crore in the year ago quarter.

Operating profit growth was of 21.1% at Rs.818.7 crore and margin expansion of 230 basis points at 20.9% YoY. The company also saw a tax reversal of Rs.64.2 crore during the quarter under review, against tax expenses of Rs.128.3 crore in the last year.

Moreover, other income during the quarter saw a sharp fall by 65.45 to Rs.53 crore, against Rs.153 crore in the year ago period.

Read EquityPandit’s Technical analysis of Cipla

 

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