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Cipla Q1 net profit at Rs 140 cr
Published on Fri, Jul 18 at 16:11 , Updated at Fri, Jul 18 at 16:40
Source : CNBC-TV18
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Cipla has announced its first quarter consolidated numbers. It has reported net profit of Rs 140 crore for the quarter ended June 2008 as against Rs 119.76 crore in same period of last year. Total income went up at Rs 1224 crore from Rs 911.8 crore. Its other income was at Rs 17 crore versus Rs 9.97 crore. Technical know how fees in the quarter was at Rs 36 crore versus Rs 21 crore on YoY basis. Its Q1 raw material costs was at Rs 450 crore versus Rs 370 crore. The company's Q1 forex loss was at Rs 74.66 crore. Its other costs stood at Rs 289 crore versus Rs 227 crore. Interest costs for Q1 was Rs 3.7 crore versus Rs 82 lakh. In Q1 the company added 2 new partners. All 12 partners are in the USA as of now. The company is in the process of creating additional capacities, 4 new plants are coming up at Indore.
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Technical Analyst, Ashwani Gujral is of the view that Cipla looks excellent to go upto Rs 270-275...
in Cipla - basit222 at 21-Aug-08 03:40
Cipla behaves inversly to the sensex
It doesn\\`t mean anything. Treat the company like a business and understand it. Invest in it at the right price fo...
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