August 11, 2017 / 8:11 AM / 10 days ago

India's Cipla June-qtr profit rises 20 pct, beats estimates

Aug 11 (Reuters) - Cipla Ltd, India's fourth-largest drugmaker by sales, reported a 20 percent rise in quarterly profit, beating analysts' estimates.

Net profit came in at 4.08 billion rupees ($63.63 million) for the three months ended June 30, compared with 3.39 billion rupees a year earlier, the company, whose U.S. business is small relative to peers, said on Friday. (bit.ly/2uujKnC)

Analysts were on average expecting profit of 3 billion rupees in the first quarter, Thomson Reuters data showed. ($1 = 64.1200 Indian rupees) (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Muralikumar Anantharaman)

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