Cipla hits record high on strong Q1 result; Morgan Stanley sees 30% upside

Mumbai headquartered pharma firm posted 20% growth in profit before tax for the first quarter of the current financial year to Rs 799 crore, on a 9% YoY growth in revenues to Rs 4,346 crore

Shares of Cipla advanced 11.7 per cent to Rs 814.45 -- also its record high -- on the BSE on Monday after the pharmaceutical firm reported healthy June quarter numbers on Friday post market hours. Mumbai headquartered pharma firm posted 20 per cent growth in profit before tax (PBT) for the first quarter of the current financial year to Rs 799 crore, on a 9 per cent year-on-year (YoY) growth in revenues to Rs 4,346 crore.

On the operational front, the Ebitda came in at Rs 1,049 crore with a resulting Ebitda margin of 24 per cent with focus on