Cipla's profit before tax dips 35% to Rs 327.9 cr; India business grows 12%

Drug maker Cipla on Friday reported a 35 per cent dip in profit before tax to Rs 327.9 crore for the March quarter, and announced its plan to raise funds by up to Rs 3,000 crore through issue of equity shares or foreign currency convertible bonds or other financial instruments.

The net profit came down 33 per cent to Rs 246 crore, lower than Street expectations. Emkay Global had expected a 3 per cent dip in profit for the quarter. The total revenue from operation was down marginally (1 per cent) to Rs 4,376 crore.  It posted a 33 per