Cipla Q2 net up 62% at Rs 500 cr

New Delhi, Nov 5: Drug firm Cipla Ltd on Monday said its consolidated net profit rose by 61.83 per cent to Rs 500.01 crore for the second quarter ended September 30, 2012, due to robust
cipla q2 net up 62 at rs 500 cr - India TV
PTI November 05, 2012 17:53 IST
New Delhi, Nov 5: Drug firm Cipla Ltd on Monday said its consolidated net profit rose by 61.83 per cent to Rs 500.01 crore for the second quarter ended September 30, 2012, due to robust sales in domestic and international markets.



The company had posted a net profit of Rs 308.97 crore during the corresponding period of previous fiscal, Cipla said in a filing to the BSE.

Net sales of the company rose by 23.90 per cent to Rs 2,145.87 crore during the second quarter, as against Rs 1,731.83 crore in the same period of 2011-12 fiscal.

For the six months ended September 30, 2012, the company posted a net profit of Rs 900.77 crore, compared to Rs 562.31 crore during the same period of previous fiscal.

The company said domestic revenues grew by 13.5 per cent to Rs 962 crore during the second quarter, as against Rs 847 crore during the same period of 2011-12 fiscal.

“The growth in domestic revenues was largely on account of rise in sales of anti-asthma, antibiotics and cardiovascular therapy segments,” it said.

During the quarter under review, the company's formulation exports grew by 38.2 per cent to Rs 1,' crore, compared to Rs 752 crore during the same period of previous fiscal.

“The growth in export revenues was primarily due to growth in anti-depressants, anti-ulcerant and anti-asthma segments,” the company added.

Shares of Cipla on Monday closed at Rs 380.45 on the BSE, up 0.87 per cent from its previous close.
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