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Cipla reports Rs 1049 crore net profit in Q3FY24, on strong US, India sales

Drug maker Cipla reported a 33% year-on-year (YoY) jump in net profit to Rs 1049 crore in Q3FY24, led by strong US and India sales momentum.

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cipla q3 results: Cipla Q3 Results: Profit jumps 32% YoY to Rs 1,056 crore, beats estimates

Cipla s Q3 revenue for the quarter grew 13.7% YoY to Rs 6,604 crore, compared to Rs 5,810 crore in the same quarter last year. However, the drugmaker saw a marginal decline from the previous quarter s revenue of Rs 6,678 crore. Meanwhile, its EBITDA surged 24.2% YoY to Rs 1,748 crore in the December quarter of FY24.

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Cipla Q3 results: Pharma company s net profit jumps 32% to Rs 1,056 crore

The company's consolidated net profit soared to Rs 1,056 crore, for the quarter that concluded on December 31.

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Cipla Q3 results: Consolidated PAT falls marginally to Rs 729 cr

Meanwhile, consolidated revenue from sale of products rose nearly 6 per cent to Rs 5,443 crore versus Rs 5,154 crore a year ago

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