Earnings Alerts

Cipla Ltd (CIPLA) Earnings: 1Q Net Income Surpasses Expectations with 18% Growth

  • Net income for Cipla in the first quarter of 2024 was 11.8 billion rupees, marking an 18% increase year-over-year and exceeding the estimate of 11.2 billion rupees.
  • Revenue for the quarter was 66.9 billion rupees, a 5.7% rise compared to the same period last year, although it slightly missed the estimate of 67.92 billion rupees.
  • Total costs for the quarter amounted to 52.43 billion rupees.
  • Cipla shares increased by 3.1%, closing at 1,547 rupees with 2.57 million shares traded.
  • Analyst recommendations include 25 buys, 7 holds, and 6 sells.

Cipla Ltd on Smartkarma

Analyst coverage of Cipla Ltd on Smartkarma by Tina Banerjee highlights the company’s strong performance in Q4 and positive growth outlook. Cipla reported double-digit revenue and EBITDA growth, with margin expansion driven by its businesses in the US, India, and South Africa. The company’s new launches in the US and outperformance in the domestic market, particularly in the chronic portfolio, are expected to fuel growth. Cipla’s shares have surged 15% YTD, and a recent promoter stake sale further boosted investor confidence in the company.

In another report by Tina Banerjee, Cipla’s Q3FY24 results showcase continued growth across key markets, with a 14% YoY sales increase and a strong 24.2% EBITDA margin. The US business achieved record high sales, and revenue growth was driven by robust performances in India, North America, and South Africa. Cipla’s EBITDA margin for the full year is trending towards the higher end of the guidance range, with expectations of sustained growth supported by peptide product launches in the US market.


A look at Cipla Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience5
Momentum2
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Investors looking at the long-term outlook for Cipla Ltd may find a mixed bag of Smart Scores. With a solid score in Dividend (4) and Resilience (5), the company seems to be reliable in providing returns and weathering market fluctuations. However, its lower scores in Value (3) and Momentum (2) suggest that it may not be as attractively priced or experiencing as much upward movement compared to its peers. In terms of Growth, Cipla Ltd scores a moderate 3, indicating a stable but not explosive projection in this aspect.

Cipla Limited, a manufacturer of pharmaceutical and personal care products, operates across a wide range of therapeutic areas such as cardiology, dermatology, and gastroenterology. With key strengths in dividends and resilience, the company showcases a commitment to stable returns and capability to navigate challenging market conditions. As it continues to grow and innovate in various product categories, Cipla Ltd‘s overall outlook remains steady and dependable for investors looking for consistent performance in the pharmaceutical industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars