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    Cipla Q3FY20 earnings today: Here's what to expect

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    Cipla Q3FY20 earnings today: Here's what to expect

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    Cipla's revenue is expected to grow in single digits, while margins are expected to come in at about 18-19 percent.

    Cipla will be releasing its Q3 earnings on Wednesday.
    Cipla has been an underperformer as compared to the Nifty index. The pharma giant's stock witnessed a decline after its Goa plant was flagged late last month. So the street will be watching out for commentary with regards to the official action indicated (OAI) action on the Goa plant very closely.
    Separately, revenue is expected to grow in single digits, while margins are expected to come in at about 18-19 percent.
    In key geographies like India, there was an impact with regards to Cipla's trade distribution business last quarter, which is expected to ease out this quarter. For the US business, a growth on a year-on-year basis is expected, but on a quarter-on-quarter basis there could be a decline due to enhanced competition in certain drug categories.
    Overall, South Africa could probably be under pressure on account of the tender business but for the US business besides the commentary on the Goa facility, the street will be watching out for the drugs that the company has in the pipeline for the US market.
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