Cipla Q3 profit up 10%, brokerages remain positive

Macquarie has kept ‘Outperform’ rating on Cipla with a target at Rs 1,235 per share

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Shares of Cipla Limited will be in focus on January 27 after the Indian pharmaceutical major posted a consolidated profit after tax (PAT) of Rs 801 crore for Oct-Dec quarter, rising by 10 percent. It had reported a profit of Rs 789 crore in the September’22 quarter.

Consolidated revenue came in higher year on year by 6 percent at Rs 5,801 crore, compared to Rs 5,479 crore logged during the same period in 2021. Revenue in Q2FY23 stood at Rs 5,829 crore.

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Here is what brokerages have to say about stock and the company post December quarter earnings: