Views on Cipla Ltd 1QFY2017 Results: Angel Broking

Views of Ms. Sarabjit Kour Nangra (VP Research - Pharma, Angel Broking) on Cipla Ltd 1QFY2017 Results:

"For 1QFY2017, the company posted lower than expected numbers. Sales during the quarter came in at INR 3,500cr V/s INR 3,743cr expected V/s INR 3,777cr in 1QFY2016, a dip of 7.3%. On the operating profit front, the EBITDA margins are expected to come in at 14.8% V/s 18.6% expected V/s 25.5% in 1QFY2016. This was against Adj. OPM 15.8% in 4QFY2016. Thus, the Adj. net profit; is expected to come in at INR 370cr V/s INR 435cr expected V/s INR 651cr in 1QFY2016, a YoY de-growth of 43.2%. We maintain our BUY rating on the stock."

Shares of CIPLA LTD. was last trading in BSE at Rs.522.1 as compared to the previous close of Rs. 532.65. The total number of shares traded during the day was 113488 in over 2467 trades.

The stock hit an intraday high of Rs. 534 and intraday low of 519.3. The net turnover during the day was Rs. 59605140.

Source : Equity Bulls

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