Cipla Ltd’s shares have gained as much as 9.57 per cent after it posted a net profit of Rs 566.04 crore in the quarter ended June, an increase of 26.6 per cent from Rs 447.15 crore a year ago.  Cipla was trading at Rs 794.00, up 8.98 per cent from its previous close, while the benchmark index Sensex gained 0.96per cent to 38405.49.

Revenue from operations grew 9 per cent to Rs 4,346.2 crore for the June quarter. India business showed a 10 per cent year-on-year (y-o-y) growth at Rs 1,608 crore and South Africa, Sub-Saharan Africa and Cipla Global Access (SAGA) business grew 10 per cent to Rs 763 crore. On the other hand, emerging markets registered a 64 per cent jump in business at  Rs 457 crore and Europe showed a 19 per cent rise to Rs 240 crore.

However, North America business fell 9 per cent y-o-y but grew 19 per cent sequentially to Rs 1,021 crore in Q1 FY21.

On the operating front, consolidated earnings before interest, tax, depreciation and amortisation (Ebitda) increased 15.9 per cent to Rs 1,048.8 crore and margin expanded 140 basis points y-o-y to 24.1 per cent.

‘Extremely pleased to report our June quarter performance, which reflects the inherent strength of our business backed by agile and resilient operations, cost control initiatives and continued delivery on our strategic priorities,’ said Umang Vohra, managing director and Global CEO, Cipla.