February 7, 2018 / 8:42 AM / 3 months ago

India's Cipla Q3 profit rises about 7 pct

Feb 7 (Reuters) - Cipla Ltd, India’s fourth-largest drugmaker by revenue, posted an about 7 percent rise in third-quarter net profit on Wednesday, but missed analysts’ estimates.

Net profit rose to 4.01 billion rupees ($62.54 million) in the quarter ended Dec. 31, from 3.75 billion rupees a year earlier, the company said. bit.ly/2C1Sg7w

Analysts on average had expected a profit of 4.44 billion rupees, Thomson Reuters data showed. ($1 = 64.1150 Indian rupees) (Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Christopher Cushing and Subhranshu Sahu)

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