homevideos Newsearnings NewsCipla fourth quarter revenue estimated to grow 11% despite fall in COVID drug demand

Cipla fourth quarter revenue estimated to grow 11% despite fall in COVID drug demand

Pharma major Cipla is scheduled to report its fourth quarter earnings on Tuesday (10 May).CNBC-TV18 polls expects revenues to grow by 11 percent at Rs 5097.2 crore against Rs 4606.5 crore in same quarter last year.

By Ekta Batra  May 10, 2022 9:27:04 AM IST (Updated)

Pharma major Cipla is scheduled to report its fourth-quarter earnings on Tuesday. CNBC-TV18 poll estimated revenue to grow by 11 percent at Rs 5,097.2 crore in the March quarter of the financial year 2022 against Rs 4,606.5 crore in the same quarter last year despite falling demand for COVID-related drugs.
Cipla’s margin is likely to be supported by India business, but US price pressure could offset it. Analysts see margin range at 19-22 percent.

EBITDA is likely to grow by 30 percent to Rs 1,034 crore for the March quarter year-on-year, while margins may increase to 20.3 percent versus 17.3 percent on a year-on-year basis. Profit is likely to grow by 42 percent to Rs 586.9 crore for the March quarter versus Rs 413.4 crore for the same quarter a year ago.