India's Cipla drops to lowest since May 2024 on quarterly profit miss

Cipla

23/01/2026 08:11

** Shares of drugmaker Cipla CIPL.NS fall 3.2% to 1,326.40 rupees, lowest since May 2024

** India's No.3 drugmaker reported quarterly profit below estimates; Q3 consol net profit drops 57% year on year to 6.76 billion rupees ($73.8 million)

** Analysts, on average, had expected 12.42 billion rupees, as per data compiled by LSEG

** Stock was up 1% ahead of results

** More than 2.4 million shares exchange hands vs 1.5 million 30-day avg vol

** Cipla rated "hold" on avg by 36 analysts with median PT at 1,675 rupees - data compiled by LSEG

($1 = 91.6562 Indian rupees)

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))