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Cipla Q1 Preview | Profit may decline 10% YoY on flat revenue

Brokerages expect a decline in domestic sales due to a high base of last year but a healthy YoY growth in the US, Europe and South Africa

July 28, 2022 / 03:58 PM IST
 
 
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Cipla Limited is expected to report a 10 percent year-on-year decline in consolidated profit after tax (PAT) on July 29 when it will declare its results for the quarter ended June 2022. Its consolidated revenues are likely to remain flat.

On a sequential basis, the consolidated profit is seen 79 percent higher on the back of a 5 percent growth in consolidated revenues.

One of the largest drug-makers in the country, Cipla is expected to report a consolidated PAT of Rs 647 crore on consolidated revenues of Rs 5,539 crore for the quarter, according to an average of estimates of five brokerages polled by Moneycontrol.

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