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Cipla's Q3 net profit falls short of estimates

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Reuters MUMBAI

MUMBAI (Reuters) - India's fifth-largest drugmaker, Cipla Ltd , reported third-quarter profit below analysts' expectations.

Cipla, which gets a majority of its sales from India, posted a net profit of 3.43 billion rupees ($50.58 million) for the quarter ended Dec. 31, slightly above the 3.28 billion reported a year earlier. Analysts, on average, expected a profit of 4.28 billion rupees.

($1 = 67.8200 Indian rupees)

(Reporting by Zeba Siddiqui in Mumbai; Editing by Anupama Dwivedi)

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First Published: Feb 10 2016 | 4:44 PM IST

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