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Cipla reports 39% drop in Q1 consolidated net profit

16 Aug 2014 Evaluate

Cipla has reported results for first quarter ended June 30, 2014.

The company’s net profit has declined by 30.05% at Rs 332.17 crore as compared to Rs 474.90 crore for the quarter ended June 30, 2013. The company’s total income has decreased by 1.73% to Rs 2511.74 crore for the quarter under review from Rs 2556.05 crore for the corresponding quarter of the previous year.

On the consolidated basis, the Group has reported 39.30% fall in its net profit after taxes & Minority interest at Rs 294.58 crore for the quarter as compared to Rs 485.35 crore for the same quarter in the previous year. However, its total income has increased by 6.98% at Rs 2760.39 crore for quarter under review as compared to Rs 2580.10 crore for the quarter ended June 30, 2013.

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