Cipla reports 1 per cent YoY decline in revenue

Cipla Limited reported its results for the quarter ended September 30, 2018 during market hours on Monday.

Cipla's consolidated revenue for the quarter came in at Rs. 4,144.47 crore as compared to Rs. 4,195.74 crore, registering 1.2 per cent yoy decline. EBITDA for the quarter fell by 9 per cent yoy to Rs. 834.79 crore from Rs. 917.72 crore for the same period last fiscal with a corresponding margin contraction of 173 bps. EBITDA margin for the quarter stood at 20.1 per cent.

Net profit after taxes for the quarter came in at Rs. 366.91 crore which was Rs. 434.95 crore for the same quarter last year showing yoy decline of 15.6 per cent.

On Monday, at 2:30 pm, the stock of Cipla traded at Rs. 560.90 per share, down by almost 8 per cent than it’s last closing price on BSE. The BSE Sensex also showed downtrend with a decline of 138 points to trade at 34,861.