 "Cipla shares tank 5% post March quarter net loss of Rs 62 crore")
New Delhi: Shares of pharma major Cipla today fell 5 percent after the company reported consolidated net loss of Rs 61.79 crore for the March quarter.
The stock, after making a weak opening, further tanked 4.97 percent to Rs 479 on BSE.
At NSE, shares of the company dipped 4.72 percent to Rs 480.20.
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Cipla yesterday reported narrowing of its consolidated net loss to Rs 61.79 crore for the fourth quarter ended 31 March.
The company had posted a net loss of Rs 92.83 crore for the corresponding period of the previous fiscal, Cipla said in a BSE filing.
Consolidated total income of the company rose to Rs 3,604.79 crore for the quarter under consideration as against Rs 3,373.91 crore for the same period a year ago.
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