Cipla Q1 net up 53%

Cipla has posted a 53% jump in net profit at Rs 170.43 crore for the quarter ended June 30, 2006 (Q1FY07) when compared with Rs 111.40 crore for Q1FY06.

According to an official release issued by Cipla to the BSE today, total income has increased to Rs 885.53 crore for Q1FY07 from Rs 671.17 crore in Q1FY06.

The board of Cipla has recommended a dividend of Rs 2 per equity share for FY06, the release said.