Cipla beats Q1 profit view on robust demand
Written By : Ruchika Sharma
Medically Reviewed By : Dr. Kamal Kant Kohli
Published On 2024-07-27 09:37 GMT | Update On 2024-07-27 09:37 GMT
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Hyderabad: Drugmaker, Cipla, has exceeded profit expectations for the first quarter of the fiscal year, driven by a significant increase in sales in its North American market. This strong performance has propelled Cipla's shares to an all-time high.
In its latest financial report, Cipla announced an 18.3% increase in consolidated net profit to 11.78 billion rupees ($140.8 million) for the quarter ending June 30. This figure surpasses analysts' predictions of 11.10 billion rupees, according to data from LSEG.
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