Business Standard

Cipla second-quarter profit falls 35 percent

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Reuters MUMBAI

MUMBAI (Reuters) - Cipla Ltd , India's fifth-largest drugmaker by sales, on Wednesday reported a 35 percent fall in quarterly profit, missing analysts' estimates.

Net profit in the July-September quarter was 3.54 billion rupees ($53.28 million), down from 5.43 billion rupees during the same period a year earlier. That compared with the average estimate of 3.92 billion rupees polled by analysts in a Thomson Reuters I/B/E/S poll.

(Reporting by Zeba Siddiqui; Editing by Biju Dwarakanath)

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First Published: Nov 09 2016 | 4:56 PM IST

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