Cipla net profit declines 12 percent to Rs 362 crore in Q4
The company's domestic business continued the double digit trajectory during the quarter, he added.;
New Delhi: Drug major Cipla on Tuesday said its consolidated profit after tax declined by 12 per cent to Rs 362 crore for the fourth quarter ended March 2022.
The Mumbai-based company had posted a PAT (Profit After Tax) of Rs 413 crore in the January-March quarter of 2020-21 fiscal.
Total revenue from operations, however, rose to Rs 5,260 crore for the period under review as against Rs 4,606 crore in the fourth quarter of FY21, Cipla Ltd said in a regulatory filing.
''Adjusting for Covid-linked and other one-time charges, our core operating profitability continues to be strong underpinned by the strength of our business fundamentals,'' Vohra said.
The drug maker continues to respond to challenging input cost environment with cost optimisation and mix management while maintaining high serviceability, he added.
The company said its board has approved a dividend of Rs 5 per equity share of face value Rs 2 per share for the year 2021-22.
Read also: Cipla introduces 'RT-Direct' multiplex COVID-19 RT PCR Test kit in India
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