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Cipla Q4 profit jumps over 2-fold to Rs 357 cr, beats Street estimates

The Economic Times
Published By The Economic Times On May 22, 2019
Category :

News/Politics


Duration : 03:02

Description:
Drug major Cipla Wednesday reported over two-fold jump in consolidated net profit to Rs 357.68 crore for the fourth quarter ended March 31, mainly on account of robust sales across markets. The company has also decided to raise funds of up to Rs 6,000 crore. It had posted a net profit of Rs 153.25 crore for the corresponding period previous fiscal, Cipla said in a BSE filing. For the 2018-19 fiscal, the company's net profit was Rs 1,492.44 crore as against Rs 1,416.57 crore in 2017-18.




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