Cipla reports lower Q1 net profit of Rs.119.75 Crores

Cipla Ltd has announced the unaudited financial results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax of Rs 1197.60 million for the quarter ended June 30, 2007 as compared to Rs 1704.30 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 8820.50 million for the quarter ended June 30, 2006 to Rs 9203.70 million for the quarter ended June 30, 2007.

The Board of Directors of the Company at its meeting held on July 20, 2007, inter alia, has recommended payment of dividend of Rs 2 per equity share (face value Rs 2) for the year 2006-2007 amounting to Rs 155.46 crores.

The Register of Members & Share Transfer Books of the Company will remain closed from August 10, 2007 to August 24, 2007 for the purpose of payment of dividend.

The company has reported an Earnings Per Share (EPS) of Rs.1.54 for the Quarter ending June 30, 2007 compared to Rs.2.21 for Quarter ending June 30, 2006.

The stock closed the day at Rs.200.90, down by Rs.4.55 or 2.21%. The stock hit an intraday high of Rs.207.30 and low of Rs.200.20. The total traded quantity was 1967274 compared to 2 week average of 603658.

Source : Equity Bulls

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