The bottomline was also higher than the Rs 1,006 crore which was expected by analysts in an ET Now poll. Cipla’s consolidated margin came in at 26% during the quarter.
The pharma company’s earnings per share (EPS) rose to Rs 14.01 vs Rs 9.78 YoY.
Following the earnings beat, Cipla shares rallied up to 4% to the day’s high at Rs 1,196.85.
More to come…
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