Cipla Reported its Q1 FY17 Results

Cipla reported a consolidated net profit of Rs 365 crore on Friday 12^th August 2016 for the quarter ended 30^th June 2016, which is almost in line with the Rs 366 crore profits estimated by analysts in a poll.

The company registered revenue of Rs 2,741.24 for the Q1 FY17 which is almost equal to its revenue of Rs 2,740.89 crore for the quarter ended 31^st March 2016. The other income of the company for the quarter was Rs 31.19 crore making the total income of the quarter Rs 2,772.43 crore.

Consolidated sales for the quarter stood at Rs 3,500 crore, compared with Rs 3,760 crore reported for the year-ago quarter. Analysts had estimated sales for the quarter at Rs 8,340 crore.

The Profit before Tax for the Q1 FY17 is Rs 327.73 crore as compared to the quarter before where the same was Rs 34.62 crore. EBITDA fell to Rs 611 crore from Rs 1,054 crore in the year-ago quarter. However, margin at 17 per cent was exactly in line with the estimate. CEO for global business Subhanu Saxena resigned, the company said in a regulatory filing to the exchange.

The EPS (earning per share) of the Company for the quarter ended 30^th June 2016 has been recorded as Rs 3.47. The same for the previous quarter was Rs 0.43.

The result was filed to BSE at 15:37 hours today (after market hours).Cipla share price closed at Rs 515.95, down by 2.10 per cent.The share price opened at Rs 524.00 from a previous closing of Rs 523.95.