KRChoksey has come out with its first quarter (April-June’ 21) earnings estimates for the Pharma sector. The brokerage house expects Cipla to report net profit at Rs 640.7 crore up 10.9% year-on-year (up 55% quarter-on-quarter).
Net Sales are expected to increase by 18.5 percent Y-o-Y (up 11.8 percent Q-o-Q) to Rs 5,151.2 crore, according to KRChoksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 0.2 percent Y-o-Y (up 31.4 percent Q-o-Q) to Rs 1,046.5 crore.
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