Cipla Q3 profit grows 5% on better operational show, tax reversal

 

New Delhi, Feb 7: Pharma firm Cipla has reported a 4.8 percent growth year-on-year in profit at Rs 403.5 crore in Q3FY18 was slightly lower with CNBC-TV18 poll of Rs Rs 425.5 crore.
The growth was largely supported by better-than-expected operational performance and tax reversal but restricted due to lower other income. Profit in year-ago quarter stood at Rs 384.91 crore. Revenue from operations during the quarter grew by 7.3 percent to Rs 3,913.8 crore compared to Rs 3,647.2 crore in same quarter last year.