Cipla Q2 Results Live : Cipla declared their Q2 results on 29 Oct, 2024, showcasing a robust performance with a topline increase of 5.58% year-over-year. The profit surged by 15.18% compared to the same quarter last year, reflecting the company’s strong operational capabilities.
When compared to the previous quarter, Cipla’s revenue demonstrated a growth of 5.33%, while profit experienced a notable increase of 10.61%. This consistent upward trend indicates a resilient business model amidst market challenges.
However, the company’s Selling, General & Administrative expenses witnessed a slight rise of 1.14% quarter-on-quarter, along with a more substantial increase of 10.7% year-on-year, suggesting a need for closer scrutiny on cost management strategies.
Cipla’s operating income also showed significant improvement, up by 9.85% quarter-on-quarter and 11.78% year-on-year. The earnings per share (EPS) for Q2 stands at ₹16.12, marking a 15.14% increase year-over-year, further underlining the company’s profitability.
Despite a recent downturn, with a -2.17% return in the last week, Cipla has demonstrated resilience with a 5.54% return over the past six months and an impressive 18.55% year-to-date return. This performance comes against the backdrop of a market capitalization of ₹119326.3 Cr, with a 52-week high of ₹1702.05 and a low of ₹1164.55.
Analyst sentiment remains varied as of 30 Oct, 2024, with 33 analysts covering the company: 3 have given a Strong Sell rating, 6 a Sell rating, 6 a Hold rating, 13 a Buy rating, and 5 a Strong Buy rating. The consensus recommendation indicates a Hold position, suggesting caution among investors at this time.