October 08, 2024 13:42 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
J&K Lt Guv's power to nominate 5 assembly members sparks massive row ahead of poll results tomorrow | Rahul Gandhi visits Dalit family's kitchen, enjoys 'spicy meal' | Sofas, water taps, ACs missing after Tejaswi Yadav vacated official bungalow in Patna: BJP | India has always played the first responder for Maldives: PM Modi | RG Kar case: Civic volunteer Sanjoy Roy is the main accused, says CBI chargesheet
Cipla Q4FY24: Net profit grows 79% YoY to Rs 939 cr

Cipla Q4FY24: Net profit grows 79% YoY to Rs 939 cr

| @indiablooms | 10 May 2024, 04:51 pm

Mumbai: Pharma giant Cipla’s consolidated net profit grew 79% rising to Rs 939.04 crore in Q4 FY24 over Q4 FY23.

This was fuelled by a 10% growth in revenue to Rs 6,163 crore in Q4 FY24 compared to Q4 FY23.

Profit before tax also rose by 68.94% year-on-year to Rs 1259.26 crore in Q3 FY24.

During the same quarter, EBITDA surged by 13% to Rs 1,316 crore, with an expanded margin of 21.4% compared to 20.8% in Q4 FY23.

Revenue from Cipla's One-India business grew by 7% year-on-year, driven by branded prescriptions and trade generics.

Branded prescriptions outpaced market growth by 100 basis points, while Trade Generics maintained its market leadership. However, the consumer business was affected by soft seasonal demand.

In North America, Cipla's revenue reached $226 million, up by 11% year-on-year, supported by sustained growth in key assets and the base portfolio.

The South Africa Private Market experienced a 26% year-on-year growth in local currency terms, surpassing market growth.

Research and development (R&D) investments increased by 19% year-on-year to Rs 444 crore, accounting for 7.2% of sales, driven by product filings and developmental efforts.

The company maintains a net cash position of Rs 7,708 crore, with debt primarily consisting of lease liabilities and working capital requirements.

Cipla's board announced a final dividend of Rs 13 per equity share for FY24, with the record date set for August 2, 2024.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.