Cipla's Q3 profit soars 32% to Rs 1,068 crore, exceeding expectations

Cipla Ltd reported robust financial results for the third quarter ending December 2023, with a significant 32.25% surge in consolidated profit to Rs 1,068.41 crore.

Source: Freepik

This marked a substantial increase from the Rs 807.83 crore profit reported in the corresponding period a year ago.

Source: Freepik

Cipla's performance exceeded analysts' expectations, with consolidated net profit beating the average estimate of Rs 1,043 crore.

Source: Freepik

Cipla's revenue from operations during Q3 reached Rs 6,603.81 crore.

Source: Freepik

Additionally, revenue from new ventures contributed Rs 280.51 crore to the total income during the period.

Source: Freepik

The total income for the quarter was recorded at Rs 6,788.44 crore, indicating a substantial increase of 14.58%.

Source: Freepik