Sun Pharma second-quarter profit dives 59%

Profit came in at 9.12 billion rupees ($139.48 million) in the quarter ended Sept. 30, compared with 22.35 billion rupees a year ago, the company said. 

Sun Pharma second-quarter profit dives 59%
Representational Image: Photo: Pixabay

India`s largest drugmaker, Sun Pharmaceutical Industries Ltd, posted a 59 percent plunge in second-quarter profit on Tuesday, but beat estimates.

Profit came in at 9.12 billion rupees ($139.48 million) in the quarter ended Sept. 30, compared with 22.35 billion rupees a year ago, the company said. 

Analysts on average had expected a profit of 8.27 billion rupees, according to Thomson Reuters data.

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Written By: Reuters
Updated: Tue, Nov 14, 2017
04:27 PM IST
Delhi, Reuters

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