Cipla Share Price Trades Lower Post Q1 Results
The drugmaker posted a profit of Rs 1,298 crore in the quarter-ended June, according to an exchange filing on Friday.
Shares of Cipla Ltd. were trading lower on Monday after its first quarter results for fiscal 2025-26. The company's consolidated net profit rose 10% in the first quarter of the current financial year, beating analysts' estimates.
The drugmaker posted a profit of Rs 1,298 crore in the quarter-ended June, according to an exchange filing on Friday. That compares with the Rs 1,198 -crore consensus estimate of analysts tracked by Bloomberg.
One India Business delivered a growth of 6% year-on-year for the quarter, breaching the threshold of Rs 3,000 crore for the first time ever in the opening quarter of any financial year. While, North America business delivered quarterly revenue of $ 226 million supported by traction in differentiated assets.
Cipla Share Price
Shares of Cipla fell as much as 0.49% to Rs 1,525 apiece. They pared losses to trade 0.39% lower at Rs 1,526.50 apiece, as of 9:25 a.m. This compares to a 0.21% decline in the NSE Nifty 50.
The stock has fallen 3.02% in the last 12 months and 0.01% year-to-date. Total traded volume so far in the day stood at 0.13 times its 30-day average. The relative strength index was at 56.77.
Out of 40 analysts tracking the company, 26 maintain a 'buy' rating, seven recommend a 'hold' and seven suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 8.5%.
