Samina Hamied resigned as executive vice chairperson, Cipla, citing personal and family commitments. Effective March 31, she will transition to the role of a non-executive director, subject to retirement by rotation. Samina Hamied, a third-generation representative of the promoter family, is the daughter of non-executive vice-chairman MK Hamied and the niece of non-executive chairman YK Hamied.
The decision comes amidst Cipla’s impressive financial performance in the third quarter, where it reported a 32.25% increase in profit to ₹1,068.41 crore compared to ₹807.83 crore in the corresponding period last year. Consolidated revenue from operations for the quarter rose to ₹6,603.81 crore, marking a 13.66% increase from the previous year.
As reported by mint, Cipla’s total income for the third quarter stood at ₹6,788.44 crore, reflecting a 14.58% growth. Revenue from pharmaceuticals amounted to ₹6,365.06 crore, while revenue from new ventures reached ₹280.51 crore during the quarter.
