InvestorQ : How did you see the Cipla quarterly results for the Jun-21 quarter?
diksha shah made post

How did you see the Cipla quarterly results for the Jun-21 quarter?

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Dilmini Mercia answered.
4 months ago
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For the Jun 2021 quarter, Cipla reported 24% higher net profits at Rs.715 crore and in this it was largely helped along the way by strong revenues in its India business. In the case of Cipla, India accounts for 49% of its total revenues, unlike other large pharm companies that are predominantly US market driven. Overall revenues from operations were up 27% at Rs.5,504 crore, with the sales growth being driven by India and the global API business.

For the Jun-21 quarter, EBITDA was up 28% at Rs.1,346 crore, while the EBITDA margins also scaled up to 24.5%, among the best in the pharma sector. The highlight was the 68% growth in India business which was predominantly led by chronic therapies and the COVID-19 portfolio. In addition, the branded prescriptions and trade generics business in India also reported steady order flows. API business grew 69% but profits were under stress.

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