{"id":56032,"date":"2022-07-29T18:06:00","date_gmt":"2022-07-29T12:36:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=56032"},"modified":"2022-07-29T18:02:37","modified_gmt":"2022-07-29T12:32:37","slug":"biz-results-ld-cipla","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-ld-cipla\/","title":{"rendered":"Cipla Q1 Results: Profit after tax dips 4%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3613634879\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Drug major Cipla on Friday posted a 4 per cent decline in its consolidated profit after tax to Rs 686 crore for the April-June quarter of this fiscal.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-234399006\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The Mumbai-based company had reported a profit after tax of Rs 715 crore in the April-June quarter of the last fiscal.<\/p>\n<p>Total revenue from operations declined to Rs 5,375 crore in the June quarter as compared with Rs 5,504 crore in the year-ago period.<\/p>\n<p>Cipla MD and Global CEO Umang Vohra told reporters that the company had significant sales of COVID-19 products in the June quarter last year which were negligible in the April-June period this year.<\/p><div class=\"trade-content_5\" id=\"trade-2200182429\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;If we take out that element, our core business has increased in the June quarter,&#8221; he noted.<\/p>\n<p>Vohra said that the company would keep on investing in its domestic and US businesses going ahead.<\/p>\n<p>On a query regarding the monkeypox vaccine, Vohra said that the drug firm is looking at partnerships for the same. The company is in talks with certain partners regarding the same.<\/p>\n<p>On biosimilars, he noted that the company is in the process of developing one product for the global markets.<\/p>\n<p>He said that there could be a few products which could be introduced in the domestic market before the launch of the product meant for global markets.<\/p>\n<p>&#8220;We are closely tracking upcoming complex launches in H2FY23. Our reported operating profitability of 21.3 per cent is well within our full-year guidance of 21-22 per cent range and has grown double digit vs last year&#8217;s base EBITDA despite multiple cost headwinds,&#8221; Vohra said.<\/p><div class=\"trade-content-10\" id=\"trade-910869029\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Cipla reported revenues of USD 155 million in the first quarter, a 10 per cent year-on-year (YoY) growth.<\/p>\n<p>Shares of the company ended 1.08 per cent up at Rs 978.15 apiece on the BSE. PTI MSS MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-408544426\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Drug major Cipla on Friday posted a 4 per cent decline in its consolidated profit after tax to Rs 686 crore for the April-June quarter of this fiscal. The Mumbai-based company had reported a profit after tax of Rs 715 crore in the April-June quarter of the last fiscal. Total revenue from operations declined to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-56032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cipla Q1 Results: Profit after tax dips 4% - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-ld-cipla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cipla Q1 Results: Profit after tax dips 4%\" \/>\n<meta property=\"og:description\" content=\"Drug major Cipla on Friday posted a 4 per cent decline in its consolidated profit after tax to Rs 686 crore for the April-June quarter of this fiscal. 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