Cipla's Profit drops 33% to Rs 248 crore; misses Street estimates Drugmaker Cipla Ltd.'s profit declined in the March quarter on account of a high base and relatively lower sales amid the coronavirus lockdown. Net profit fell 33 percent over the previous year to Rs 246 crore in the quarter ended March. The drugmaker's revenue fell 1 percent year-on-year to Rs 4,376 crore. Cipla had reported a sharp jump in its top line in the comparable quarter last year, aided by sales of a generic...