Cipla Ltd (CIPL.BO)
MUMBAI, Nov 9 Cipla Ltd, India's fifth-largest drugmaker by sales, on Wednesday reported a 35 percent fall in quarterly profit, missing analysts' estimates, mainly due to lower sales in the emerging markets and Europe.
MUMBAI, Nov 9 Cipla Ltd, India's fifth-largest drugmaker by sales, on Wednesday reported a 35 percent fall in quarterly profit, missing analysts' estimates.
* Consensus forecast for Sept quarter consol net profit was 3.92 billion rupees
* Cipla receives EIR from the US FDA for its Indore facility Source text: http://bit.ly/2e8Sy2g Further company coverage: (Bengaluru newsroom)
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_08162016.pdf FACTORS TO WATCH 9:30 am: RBI Governor Raghuram Rajan and Deputy Governor S.S. Mundra at FICCI-IBA annual banking conference in Mumbai. 12:00 pm: Government to release July wholesale price inflation data in New Delhi. 4:30 pm: Banks Board Bureau Chairman Vinod Rai delivers a lecture at central vigilance commission event in New Delhi.
MUMBAI, Aug 12 Cipla Ltd, India's fifth-largest drugmaker by sales, reported a lower-than-expected quarterly profit as revenues in its home market were hit by government measures to cut drug prices.