Cipla shares fell 7.7 per cent to Rs 381 at the close on the BSE, after declining as much as 7.94 per cent to Rs 380 in intra-day trade. On the National Stock Exchange, the shares slumped 7.7 per cent to Rs 380.95.
The company's market capitalisation dropped to Rs 30,591 crore. Cipla was the worst performer on both the benchmark BSE Sensex and the CNX Nifty index on the NSE.
"Cipla posted numbers that were above expectations on sales front, while net profit came below expectations," Angel Broking said in a report.
Cipla said the current year figures include the relevant results of units from the date they became subsidiaries and the corresponding figures for the previous period are not comparable.