Cipla shines on reporting 7% rise in Q3 consolidated net profit
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Cipla is currently trading at Rs. 1049.90, up by 15.50 points or 1.50% from its previous closing of Rs. 1034.40 on the BSE.
The scrip opened at Rs. 1028.00 and has touched a high and low of Rs. 1056.25 and Rs. 1027.40 respectively. So far 13932 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1185.20 on 01-Nov-2022 and a 52 week low of Rs. 880.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 1074.75 and Rs. 1020.45 respectively. The current market cap of the company is Rs. 83490.97 crore.
The promoters holding in the company stood at 33.61%, while Institutions and Non-Institutions held 49.47% and 16.91% respectively.
Cipla has reported a fall of 7.16% in its net profit at Rs 678.52 crore for the quarter ended December 31, 2022 as compared to Rs 730.83 crore for the same quarter in the previous year. However, total income of the company increased 1.77% at Rs 4,026.57 crore for Q3FY23 as compared to Rs 3,956.60 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 6.73% in its net profit at Rs 807.83 crore for the quarter under review as compared to Rs 756.88 crore for the same quarter in the previous year. Total income of the company increased 6.36% at Rs 5,924.53 crore for Q3FY23 as compared to Rs 5,570.15 crore for the corresponding quarter previous year.
