Sun Pharma's Q2 Profit Plunges 59%, Beats Estimates

Profit came in at Rs 912 crore in the quarter ended September 30, compared with Rs 2,235 crore a year ago, the company said.

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Sun Pharma's Q2 Profit Plunges 59%, Beats Estimates

Analysts on average had expected a profit of Rs 827 crore, according to Thomson Reuters data.

Sun Pharmaceutical Industries Ltd, country's largest drugmaker, posted a 59 per cent plunge in second-quarter profit on Tuesday, but beat estimates.

Profit came in at Rs 912 crore ($139.48 million) in the quarter ended September 30, compared with Rs 2,235 crore a year ago, the company said.

Analysts on average had expected a profit of Rs 827 crore, according to Thomson Reuters data.
© Thomson Reuters 2017


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