Cipla beats quarterly profit view on strong demand
The company's consolidated net profit came in at ₹12.22 billion ($143.5 million) in the January-March period. Analysts, on average, expected ₹10.24 billion, per data compiled by LSEG.
Total revenue increased 9.2% to ₹67.3 billion.
Cipla's U.S. sales are usually driven by its tumour drug Lanreotide, its second-biggest revenue generator. However, the company had warned in October that certain supply chain issues related to the drug would last until the fourth quarter.
India's drugmakers that derive significant revenue from North America through their cheaper version of innovator drugs have been on edge following U.S. President Donald Trump's tariff threat.
The company, earlier this year, said that tariffs should not influence decisions at India's drug companies.
Cipla's generic drug for cancer gets U.S. FDA nod
The Trump administration, which initially spared the sector from any kind of duties, is likely to make an announcement on tariffs in the coming weeks.
Last week, rival Dr. Reddy's beat fourth-quarter profit estimates, driven by new drug launches.
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News18
12 minutes ago
- News18
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Time of India
15 minutes ago
- Time of India
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Time of India
28 minutes ago
- Time of India
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