Cipla Q3 net dips 20 per cent to Rs 322 crore

Drug major Cipla reported a 20 per cent dip in consolidated net profit to Rs 322.24 crore for the December 2018 quarter, mainly on account of higher tax expenses.

The company had posted a net profit of Rs 403.45 crore for the corresponding period of the previous fiscal, Cipla said. Consolidated total revenue from operations of the company stood at Rs 4,007.54 crore for the quarter, compared with Rs 3,913.82 crore for the same period year ago.

“Overall, challenges in this quarter were along expected lines and we remain optimistic as we enter FY20. Our plan to drive YoY growth from the coming quarters in on track,” said Cipla MD and global CEO Umang Vohra.