Drug major Cipla today said its net profit declined by 22.33% to Rs 214 crore for the fourth quarter ended March 31, 2011, over the same period previous fiscal.
The company had posted a net profit of Rs 275.53 crore in the same period previous fiscal, Cipla said in a filing to the Bombay Stock Exchange (BSE).
Cipla's net sales for the fourth quarter stood at Rs 1,615.22 crore as against Rs 1,317.49 crore for the corresponding period last fiscal.
The company's net profit for the year ended March 31, 2011 stood at Rs 967.12 crore, compared to Rs 1,081.49 crore in the last fiscal.
For the year ended March 31, 2011, the company's net sales stood at Rs 6,123.84 crore, compared to Rs 5,359.52 crore in the previous fiscal.
Shares of Cipla today closed at Rs 303.40 on the BSE, down 1.92% from the previous close.