NEW DELHI, May 23: Shares of drug major Cipla today surged nearly 8 per cent after the company reported a consolidated net profit of Rs 153.25 crore for the quarter ended March 31, 2018.
The stock gained 7.27 per cent to Rs 562.50 on BSE.
On NSE, shares of the company soared 7.80 per cent to Rs 564.90.
In terms of equity volume, 2.92 lakh shares of the company were traded on BSE and over 52 lakh shares changed hands on NSE in morning trade.
Cipla yesterday reported a consolidated net profit of Rs 153.25 crore for the quarter ended March 31, 2018, on account of robust sales in key markets and reduction in expenses.
The company had posted a net loss of Rs 62.79 crore during January-March, 2016-17, Cipla said in a BSE filing.
Total income from operations stood at Rs 3,697.97 crore. It was Rs 3,582 crore for the same period a year ago. (PTI)
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