Pharma major Cipla on Tuesday announced its unaudited consolidated financial results for the quarter ended September 30th, 2024.
The company reported an 15.2 percent year-on-year rise in its consolidated net profit for the fiscal’s second quarter ended September (Q2FY25) to Rs. 1,303.53 crore.
The company had reported a profit of Rs. 1,177.64 crore in the year-ago period. Moreover, the consolidated net profit was up 10.6 percent.
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According to the company’s statement, the Cipla’s consolidated revenue from operations stood at Rs. 7,051.02 crores during the quarter ended September from Rs.6,678.15 crore in Q2FY24, a year-on-year jump of nearly 10.5 percent.
One India Business grew at 5 percent YoY. Branded Prescription business continued to outpace the market in key Chronic therapies. CHL delivered strong growth at 21% YoY. The business however, witnessed a historically slow seasonal growth in Acute category impacting both Branded Prescription and Trade Generics business, the company stated.
Meanwhile, the North America business delivered quarterly revenue of $ 237 Mn up by 4% YoY supported by traction in differentiated portfolio.
In the One Africa business, the North Africa business which was a part of Emerging markets and Europe is now merged with SAGA region which is renamed as One Africa. Momentum continues with overall revenue growth at 22 percent.
Emerging Markets and Europe posted a robust revenue growth of 18% in USD terms. Additionally, R&D investments stood at Rs. 385 Crore or 5.5 percent of sales, higher by 2 percent YoY driven by product filings and developmental efforts.
The company has Net cash position of INR 7,950 Cr and debt primarily includes lease liabilities and working capital requirements.
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“I am pleased to share that we continue to make considerable progress across our focused markets.
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