India's Cipla Q2 net profit lags estimates

November 5, 2015 11:38 AM

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MUMBAI Nov 5 Cipla Ltd, India's third-largest drugmaker by sales, reported a second-quarter net profit slightly below analysts estimates, as expenses rose.

Net profit rose 44 percent to 4.31 billion rupees ($65.56 million) in the quarter ended September, Cipla said in a statement on Thursday. But it was below analysts' average estimate of 4.84 billion rupees, according to Thomson Reuters data.

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