1. Cipla Q4 net loss narrows to Rs 61.79 cr

Cipla Q4 net loss narrows to Rs 61.79 cr

The company had posted a net loss of Rs 92.83 crore for the corresponding period of the previous fiscal.

By: | New Delhi | Published: May 25, 2017 5:58 PM
Cipla, Pharma, Pharma major, BSE, Cipla Shares Pharma major Cipla today reported a narrowing of its consolidated net loss to Rs 61.79 crore for the fourth quarter ended March 31. (IE)

Pharma major Cipla today reported a narrowing of its consolidated net loss to Rs 61.79 crore for the fourth quarter ended March 31. The company had posted a net loss of Rs 92.83 crore for the corresponding period of the previous fiscal, Cipla said in a BSE filing. Consolidated total income of the company rose to Rs 3,604.79 crore for the quarter under consideration as against Rs 3,373.91 crore for the same period a year ago.

For the fiscal year ended March 31 this year, the net profit of the company stood at Rs 1,006.39 crore. It was Rs 1,359.99 crore for the year-ago period.
Total income of the company stood at Rs 14,858.93 crore for the fiscal ended March 31 as against Rs 13,998.31 crore for the previous fiscal year.

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In another filing, the company said its board has recommended a dividend of Rs 2 per equity share for the year 2016-2017. Shares of Cipla closed 3.12 per cent lower at Rs 504.10 per scrip on BSE today.

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