Cipla expected to report 34% gain in Q4 net profit

NEW DELHI: CIPLA is expected to report a 34% YoY increase in its Q4 net profit at Rs 286 crore compared to Rs 214 crore in the year ago period, according to an ET Now poll.

Net sales seen at Rs 1,832 crore vs Rs 1,615 crore, up 13% YoY
Net profit seen at Rs 286 crore vs Rs 214 crore, up 34% YoY
EBITDA seen at Rs 411 crore vs Rs 302 crore, up 36% YoY
Margins seen at 22.4% vs 18.7%

Key Factors

Revenue growth on back of favourable currency
API export business expected to decline over last year
Domestic formulations business to grow around 10%
One-off revenues coming on the back of exclusivity to Teva for Lexapro
Expect sales of Rs 60 crore from Lexapro in in Q4s
Margin growth on the back of increased realisations
Higher contribution from Indore SEZ, improved product mix to aid margins