Cipla Q3 Results FY2023, PAT at Rs.801 crores

Cipla Q3 Results FY2023

by Shreya Anaokar Last Updated: Jan 27, 2023 - 03:41 pm 2.9k Views

On 25th January 2023, Cipla announced its results for the third quarter of FY2023.

Key Highlights:

- Revenues from operations at Rs. 5810 crores
- EBITDA stood at Rs. 1408 crores
- The company reported PAT at Rs. 801 crores

Business Highlights:

- One-India business segment reported a robust double-digit traction in the core portfolio across therapies and business segments; 11% YoY ex-covid growth 
- US business reported highest ever quarterly revenue of $195 Million and 30% YoY growth; Strong traction in the differentiated portfolio including market share expansion in key respiratory and peptide injectable products 
- South Africa, Sub-Saharan Africa, And Global Access (SAGA) business’ supply challenges being addressed 
- International Markets reported revenue impacted by currency volatility; 6% YoY ex-covid growth in INR terms
- API continued growth in emerging markets offsetting normalization in inventory levels for European customers
- R&D investments stand at Rs. 363 crores or 6.2 % of sales; Higher 39% YoY driven by ongoing clinical trials on a respiratory asset and other developmental efforts continuing including biosimilars

Commenting on the results, Umang Vohra, MD and Global CEO, Cipla Ltd, said: “Our Q3FY23 performance reflects sustained momentum in core One-India and US businesses driving our overall revenue growth of 6% reported and 11% on an excovid basis. Our One India franchise delivered strong performance across therapies and segments with double-digit market-beating growth in prescription on a covid adjusted base. We achieved the highest-ever quarterly revenue for the North American region of $195 Mn driven by the contribution of differentiated products and market share expansion in flagship respiratory and peptide franchises. Our reported operating profitability of 24.2% reflects our focused efforts on navigating external headwinds and continued higher R&D spending stemming from ongoing respiratory trials and initiation of biosimilar programs.”
 

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
NSE Awaits SEBI Approval for Extended F&O Trading Hours

The National Stock Exchange (NSE) is considering a significant shift in its trading hours, potentially introducing extended sessions for equity derivatives.

  • Sep 25, 2023
Delta Corp crashes 20%, After Receiving ₹16,822 Crore Tax Notice

Delta Corp Ltd, a prominent gaming company, saw its stock plummet by 20% during the intraday session on the Bombay Stock Exchange (BSE), touching its 52-week low of ₹140.20.

  • Sep 25, 2023
Bajaj Finance Plans $800 Million to $1 Billion Fundraising for Expansion

Bajaj Finance, a leading non-banking financial company (NBFC), is preparing for a fundraising endeavor, aiming to secure between $800 million to $1 billion.

  • Sep 25, 2023