Cipla gains after April-June margins expand sequentially

Tags: Companies
Shares in drugmaker Cipla gain after April-June operating margins beat some estimates.

Margins expand sequentially by nearly 4 percentage points to 20 percent.

Investors say management maintained revenue guidance of mid-teens growth and 20 percent margins in FY15 in a conference call.

Strong growth in India and better product mix will further aid margins, fund managers add.

Cipla shares were trading up nearly 2 percent to 457.30 rupees as of 11:49 a.m.

EDITORIAL OF THE DAY

  • In lavishing largesse on bureaucrats, the government may be buying their loyalty

    Wednesday’s pay hike for central government employees continues to strengthen post colonial India’s colonial structures of power, privileges and p

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

Brexit from an East Asian point of view

The decision of the Br­itish voters to leave the European ...

Zehra Naqvi

The hawk & the human

Humankind is obsessed with the desire to fly. That’s why ...

Bubbles Sabharwal

A piece of peace

Travel is intoxicating and invigorating, magical and mystical! You never ...