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Cadila standalone net profit for the quarter ending December 31 fell from Rs 134.2 crore in the corresponding quarter last year to Rs 33.9 crore this year, a huge dip of 295%.
The company attributed the declines to one-time cost and higher tax outgo.
Credit Suisse downgraded the stock to "neutral" from "outperform", citing delay in contribution from higher margin products.
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