Cipla Q4 Results: Profit Falls 45%, Misses Estimates
Some of Cipla’s most popular products. (Photographer: Santosh Verma/Bloomberg News)

Cipla Q4 Results: Profit Falls 45%, Misses Estimates

Cipla Ltd.’s quarterly profit fell, missing estimates.

The drugmaker’s net profit fell 45% quarter-on-quarter to Rs 413.38 crore in the quarter ended March. Analysts compiled by Bloomberg had estimated the metric at Rs 621.3 crore.

Revenue fell 11% sequentially to Rs 4,606.45 crore, compared with the Rs 4,999.3-crore estimate.

  • Operating profit fell 35% quarter-on-quarter to Rs 796.24 crore—also lower than the Rs 1,092.1-crore estimate.
  • Operating margin stood at 17.3% compared to 23.8% in the last quarter. The consensus estimate was 21.84%.

Other Highlights

  • India sales contributed to 39.2% to total sales.
  • Prescription business grew by 6% year-on-year.
  • Expanded Covid-19 portfolio expected to see traction along with core respiratory therapies.
  • U.S. business saw market share expansion in overall market for Albuterol and institutional business.
  • Has filed applications for two partnered peptide injectables for the U.S. market.

Shares of Cipla rose 0.6% on May 14 ahead of the earnings announcement compared with S&P BSE Sensex, which remained largely unchanged.

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