Cipla's Q2 profit before tax grows 34% on Indian business revival

Co undertook a distribution network restructuring exercise in the last few months

Mumbai-based pharmaceuticals entity Cipla posted a 34 per cent year-on-year (YoY) rise in profit before tax during the September quarter 

as its domestic business saw a rebound after a distribution overhaul.

Revenue from operations grew 10 per cent from the same period a year before, to Rs 4,396 crore. Net profit rose 25 per cent to Rs 471 crore. 

Cipla said it would opt for the new corporation tax rate from the next financial year, as it had accumulated credit on Minimum Alternate Tax this year. It had, as mentioned earlier, majorly restructured its India distribution network in the past few months. This