Cipla Stock Plunges 4% as Q3 Profit Halves, Misses Estimates
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CNBC TV18•23-01-2026, 14:21
Cipla Stock Plunges 4% as Q3 Profit Halves, Misses Estimates
- •Cipla's stock fell over 4% after its Q3 results significantly missed analyst expectations.
- •Net profit dropped 57% year-on-year to ₹675.8 crore, far below the ₹1,224 crore estimate.
- •Profitability was impacted by a ₹276 crore one-time cost due to a new labor code.
- •Revenue remained flat at ₹7,075 crore, while EBITDA declined 36.7% to ₹1,255 crore.
- •US business revenue decreased sequentially to $167 million from $233 million in the previous quarter.
Why It Matters: Cipla's Q3 performance was significantly below expectations, driven by reduced profit and US sales.
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