Cipla shares tank 5% post March quarter net loss of Rs 62 crore

Cipla yesterday reported narrowing of its consolidated net loss to Rs 61.79 crore for the fourth quarter ended 31 March

PTI May 26, 2017 12:33:14 IST
Cipla shares tank 5% post March quarter net loss of Rs 62 crore

New Delhi: Shares of pharma major Cipla today fell 5 percent after the company reported consolidated net loss of Rs 61.79 crore for the March quarter.

Cipla shares tank 5 post March quarter net loss of Rs 62 crore

Reuters

The stock, after making a weak opening, further tanked 4.97 percent to Rs 479 on BSE.

At NSE, shares of the company dipped 4.72 percent to Rs 480.20.

Cipla yesterday reported narrowing of its consolidated net loss to Rs 61.79 crore for the fourth quarter ended 31 March.

The company had posted a net loss of Rs 92.83 crore for the corresponding period of the previous fiscal, Cipla said in a BSE filing.

Consolidated total income of the company rose to Rs 3,604.79 crore for the quarter under consideration as against Rs 3,373.91 crore for the same period a year ago.

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