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Cipla Q2 net profit up 62% at Rs 500 crore

Cipla said that on a standalone basis, the company posted a net profit of Rs 500 crore for the quarter ended September, compared with Rs 308.97 crore a year ago. Total income rose to Rs 2,191.84 crore in the quarter compared with Rs 1,769.66 crore a year ago.

Cipla said that on a standalone basis, the company posted a net profit of Rs 500 crore for the quarter ended September, compared with Rs 308.97 crore a year ago. Total income rose to Rs 2,191.84 crore in the quarter compared with Rs 1,769.66 crore a year ago.

Cipla, which derives 56% of its revenues from exports, said total exports in the quarter were to the tune of R1,212.70 crore compared with Rs 911.06 a year ago, an increase of 33%. Of this, formulations exports stood at Rs 1,038.93 crore, a 38% increase from Rs 751.58 crore.

Revenues from the domestic market was up 13.5% to Rs 961.67 crore compared with Rs 847.03 crore a year ago. Operating margins increased by 57.7% and is at 30.5% of income from operations during the second quarter compared with 23.9% a year back.

?Cipla has posted a one-time achievement of R500 crore, and that cannot be sustained,? YK Hamied, the company?s CMD, told a television channel. ?But we will still manage pretty well.? Shares of Cipla were up 1% on the BSE to close at R380.45.

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First published on: 06-11-2012 at 22:18 IST
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