Drug maker Cipla disappointed street of Thusday with the first quater (April-June) consolidated net profit falling a whopping 39.3 percent year-on-year to Ra 294.6 crore due to weak operational performance. Profit in the corresponding quarter of last ficaal was Rs 485.3 crore that was boosted by other operating income or Rs 180 crore (Rs 72.80 crore in Q1FY15).
Lower other income, higher depreciation cost, employee cost and other expensed too impacted the profitability in the quarter gone by.
Consolidated revenue grew by 8.3 percent to Rs 2,720 crore in the quarter ended June 2014 form Rs 2,511 crore in same quarter last year
The scrip of Cipla, which announced earnings after market hours, rose 1.98 percent to Rs 448 on the BSE.
Lower other income, higher depreciation cost, employee cost and other expensed too impacted the profitability in the quarter gone by.
Consolidated revenue grew by 8.3 percent to Rs 2,720 crore in the quarter ended June 2014 form Rs 2,511 crore in same quarter last year
The scrip of Cipla, which announced earnings after market hours, rose 1.98 percent to Rs 448 on the BSE.
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