From Business Today: 2024-07-26 05:55:34

Cipla Ltd saw a 17.4% YoY rise in Q1 FY25 net profit to Rs 1,178 crore. Income from operations also climbed 7% to Rs 6,694 crore with EBITDA at Rs 1,716 crore. R&D investments rose to Rs 353 crore. CEO Umang Vohra highlighted growth in One-India business and all-time high revenue in the US market. Sales in North America grew 13% YoY.

Shares of Cipla surged 6.61% to hit all-time high levels post earnings announcement. Stock price reached Rs 1,599 before settling at Rs 1,587.80, up 5.86%. In 2024, the stock has moved up by 26.92%. CEO Vohra mentioned focus on growing key markets, flagship brands, future pipeline, and resolving regulatory issues.



Read more at Business Today: Cipla Q1 FY25 results: Profit up 17% YoY at Rs 1,178 crore; stock hits record high