Cipla Ltd Set to Announce Q2 FY2025 Results on October 29; Shares Dip 1.84% Today Amidst 27% Yearly Gain

Cipla Ltd will consider its financial results for the quarter ending September 30, 2024, on October 29, 2024. As of the last trading session, Cipla shares are priced at Rs 1,522.95, reflecting a decline of 1.84% today and over 4.80% in the past week. However, the stock has shown a strong performance over the past year, gaining 27%. The company’s market capitalization stands at Rs 1,22,988.41 crore.

In terms of dividends, Cipla has announced 26 dividends since August 6, 2001. Over the last year, the company recommended an equity dividend of Rs 13.00 per share, resulting in a dividend yield of 0.85% at the current share price. Institutional investors have increased their holdings, with foreign institutional investors (FII/FPI) raising their stake from 25.82% to 27.82% in the June 2024 quarter. The number of FII/FPI investors also grew from 1,031 to 1,103 during this period, while mutual fund holdings increased from 16.83% to 17.62%.

Cipla shares have seen a 52-week high of Rs 1,702.00 on October 9, 2024, and a low of Rs 1,132.00 on October 26, 2023. The stock has delivered a 13% gain in the last six months, a 67% increase over three years, and an impressive 243% return over five years. In its Q1 FY 2025 results, Cipla reported an 18.3% year-on-year increase in net profit, reaching Rs 1,178 crore, and a 7% rise in revenue from operations to Rs 6,694 crore. The company’s EBITDA for Q1 stood at Rs 1,716 crore, reflecting a 14% increase, with an EBITDA margin improvement to 25.6% from 24.1% in the same quarter last year.

According to A.R. Ramachandran, an independent SEBI research analyst, Cipla appears slightly bullish on daily charts, with strong support at Rs 1,536. A daily close above the resistance level of Rs 1,578 could lead to a target of Rs 1,700 in the near term.

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