Ci­pla Q3 Net Jumps 44%, to Seek Share­hold­ers’ Nod to Raise 4k-cr

The Economic Times - - Economy: Macro, Micro & More -

New Delhi: Home­grown pharma ma­jor Ci­pla on Wed­nes­day re­ported a 44% jump in con­sol­i­dated net profit at ₹ 375 crore for the third quar­ter ended De­cem­ber 31, 2016.

The com­pany had posted a con­sol­i­dated net profit of ₹ 260 crore in the same pe­riod last fis­cal, Ci­pla said in a BSE fil­ing.Net sales dur­ing the quar­ter un­der re­view stood at ₹ 3,550 crore as against ₹ 3,069.9 crore in the cor­re­spond­ing pe­riod last fis­cal, up 16%.Ci­pla's profit was boosted by other in­come of ₹ 153.5 crore com­pared to ₹ 68 crore in Q3 last year. With plans to raise ₹ 4,000 crore via is­sue of se­cu­ri­ties in both do­mes­tic and global mar­kets, Ci­pla has said its board of di­rec­tors at their meet­ing has de­cided “to seek ap­proval of the share­hold­ers at an ap­pro­pri­ate time.” – PTI.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.