Cipla Q3 Profit Up 44%, Tops Estimates

Mumbai: Indian drugmaker Cipla Ltd reported a 43.7 per cent jump in third-quarter net profit, beating analysts' expectations. Net profit for the October-December quarter rose to Rs 375 crore ($55.79 million) from Rs 261 crore a year earlier. That beat the Rs 370 crore forecast by 23 analysts on average, data from Thomson Reuters I/B/E/S showed. India's fifth-largest drugmaker by sales derives most of its revenue from its home mark...