Cipla disclosed a steep drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 30.05% to Rs 3,321.70 million from Rs 4,749.00 million in the same quarter last year.
Net sales for the quarter declined marginally 0.50% to Rs 24,744.60 million, compared with Rs 24,869.10 million for the prior year period.
Earnings per share for the quarter stood at Rs 4.13, registering 30.12% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 24,744.60 | 24,869.10 | (0.50) |
| Net Profit | 3,321.70 | 4,749.00 | (30.05) |
| Basic EPS | 4.13 | 5.91 | (30.12) |
Shares of the company gained Rs 8.7, or 1.98%, to settle at Rs 448.00. The total volume of shares traded was 242,844 at the BSE (Thursday).
