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

  • For a successful digital payments ecosystem, clarity is the way forward

    In the last few weeks, demonetisation has moved out of the headlines, perhaps because there are no long queues at ATMs.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium : THE UGLY AND INCONVENIENT TRUTH

Same song, different verse. The time for polemics over how ...

M S Swaminathan

Double the money

Both the National Policy for Farmers’ and the reports of ...

Rajgopal Nidamboor

You are what your emotions are

The explanation of unconscious facial expressions is representative of questioning ...