Mumbai, July 26: The Mumbai-based Cipla has registered a 20.6 per cent increase in net profit to Rs 38.79 crore for the quarter ended June 2000 as against Rs 32.15 crore for the corresponding quarter in the previous year. Turnover for the quarter rose by 20 per cent to Rs 241.79 crore, as against Rs 200.36 crore during the corresponding period of the previous year.Raw-materials consumption increased by 4.5 per cent to Rs 115.39 crore from Rs 110.37 crore in the corresponding quarter. However, raw materials, as a percentage of net sales, decreased to 47.7 per cent from 55.1 per cent in the corresponding quarter.
Staff cost increased by 37 per cent to Rs 11.62 crore from Rs 8.45 crore in the corresponding quarter. Operating, gross and net margins remained more or less constant at 23.3 per cent, 23.1 per cent and 16.0 per cent respectively over its corresponding quarter.
Other income during the quarter rose by 48 per cent to Rs 7.58 crore from Rs 5.10 crore in the corresponding quarter. Interest and depreciation were higher at Rs 40 lakh and Rs 3.75 crore respectively as against Rs 30 lakh and Rs 3.50 crore respec-tively in the corresponding period of the previous year. Provision for taxation stood at Rs 13.50 crore as against Rs 13 crore in the previous year.
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