Cipla shares fall; quarterly profit misses estimates

Last Updated: Thu, Feb 07, 2013 05:50 hrs
Hamied, chairman and MD of Indian generic drugmaker Cipla, speaks on mobile phone in front of cabinets containing company's products before interview in Mumbai

Shares in India's Cipla Ltd fell 2.07 percent in pre-open trading on Thursday a day after its October-December net profit missed estimates.

Cipla reported a 25.5 percent rise in quarterly profit on Wednesday but slightly missed street estimates as taxes surged.

Analysts added Cipla's margins also missed expectations.

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