Pharmaceutical major Cipla on January 22 reported a consolidated net profit of Rs 1,068.4 crore in the quarter ending December 2023, which is 32.25 percent higher as compared to the year-ago period.
The company's net profit, in the third quarter of the previous fiscal year, had stood at Rs 807.8 crore.
The net profit clocked by the company in Q3FY24 is largely in line with the CNBC TV-18 estimate of Rs 1,020.4 crore.
Consolidated revenue from operation in the quarter under review was Rs 6,603.81 crore, up 13.66 percent. It was Rs 5,810.09 crore in the corresponding period a year ago.
In the December quarter, its total expenses were 8.78 per cent higher at Rs 5,119.81 crore as against Rs 4,706.47 crore in the October-December quarter last fiscal, the company said.
The revenue posted by Cipla is lower than the CNBC TV-18 estimate of Rs 6,473.4 crore.
Total income of Cipla in the third quarter stood at Rs 6.788.44 crore, up 14.58 per cent. During the quarter, its revenue from pharmaceuticals was Rs 6,365.06 crore, and from new ventures was Rs 280.51 crore.
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