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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Faith is the opium of the masses, so Indians get addicted

    India is a nation of 1.27 billion. Let that number sink in, with all its zeroes. That’s a lot of people.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture