Sensex off day’s low, down 200 pts; Midcap rebounds; Cadila tanks 5%

Cadila Healthcare’s Q1 numbers missed analysts’ expectations as profit plunged 65.3 percent year-on-year to Rs 138.4 crore and revenue was down 4.5 percent at Rs 2,229 crore.

Profit was estimated at Rs 340 crore for the quarter, according to analysts polled by CNBC-TV18.

Operating profit was at Rs 277.3 crore and margin at 12.6 percent against estimates of Rs 499 crore and 19.4 percent, respectively.

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Posted in: Indian Market Tips