Cipla Q1 Results: Stock falls after earnings miss, sharp margin contraction
Shares of Cipla Ltd., the Mumbai-based drug manufacturer fell over 2% on Thursday, July 23, in response to its June quarter results, which missed analyst expectations. The company’s net profit for the quarter declined by 39% on a year-on-year basis to ₹789 crore, lower than the CNBC-TV18 poll of ₹923 crore. Profitability was lower despite…
