Cipla Q1 net profit rises 25 per cent to Rs 709.92 crores

Cipla 5th reported a 25.41 per cent increase in its consolidated net profit to Rs 709.92 crores for the quarter ended June 30, 2021, on account of robust sales. The company had posted a net profit of Rs 566.04 crore in the corresponding period of the previous fiscal, Cipla said in a filing to BSE.

Consolidated total revenue from operations for the quarter under consideration stood at Rs 5,504.35 crores. It was Rs 4,346.16 crores for the same period a year ago, it added.

“I am pleased to see the robust demand-led traction in core therapies across our branded markets and continued cost control leading to 27 per cent revenue growth and 24.5 per cent earnings before interest, taxes, depreciation, and amortization (EBITDA) margin for the quarter,” Umang Vohra, Managing Director and Global Chief Executive Officer, Cipla, said.