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Revenue for the quarter stood at ₹7,073 crore, which is a 7% growth from last year and also higher than the CNBC-TV18 poll of ₹6,870.2 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 14% year-on-year to ₹1,989 crore, which was also higher than the CNBC-TV18 poll of ₹1,748 crore.
EBITDA margin for the period expanded by 200 basis points to 28% from 26% last year. For the first nine months of the financial year, Cipla’s EBITDA margin 26.9%, which is higher than the management guidance of 24.5% to 25.5% for the full year.
Net profit for the period also increased by 49% from the year-ago period to ₹1,570 crore. A CNBC-TV18 poll had pegged the figure at ₹1,175 crore.
Sales from the US market, where Cipla derives its majority revenue from declined by 2% from last year to $226 million. However, the figure was better than the CNBC-TV18 poll of $218 million.
Shares of Cipla are trading 4.2% higher post the results announcement at ₹1,454.5. The stock is still down 15% from its recent peak of ₹1,702.
First Published: Jan 28, 2025 2:15 PM IST
