Sun Pharmaceutical Industries' Q3 net profit falls nearly 5% to Rs 1,471.82 crore
Sun Pharmaceutical Industries consolidated net profit fell down by 4.73% to Rs 1,471.82 crore for the October to December quarter of fiscal year 2016-17 (FY17).
Highlights:1.The company's consolidated net profit for the October to December quarter of FY17 fell by 4.73% to Rs 1,471.82 crore as against Rs 1,544.85 crore in the October to December quarter of FY16
2.Its total income from operations during the period under review rose by 11.01% to Rs 7,912.66 crore as compared to Rs 7,122.31 crore in the year-ago period
3.The company's total comprehensive income during the quarter declined by 19.28% to Rs 1,802.73 crore as compared to Rs 2,233.39 crore in the similar quarter of last fiscal
Sun Pharmaceutical Industries on Tuesday reported nearly 5% fall in the consolidated net profit for the third quarter (Q3) of the fiscal year 2016-17 (FY17) ended on December 31 last year.
"The company's net profit for the October to December quarter of FY17 fell by 4.73% to Rs 1,471.82 crore as against Rs 1,544.85 crore in the October to December quarter of FY16," cited Sun Pharmaceutical Industries in a filing to the BSE.
ALSO READ: Sun Pharma recalls 2.7 lakh bottles of antidepressant in US
Its total income from operations during the period under review rose by 11.01% to Rs 7,912.66 crore as compared to Rs 7,122.31 crore in the year-ago period, the company said.
The company's total comprehensive income during the quarter declined by 19.28% to Rs 1,802.73 crore as compared to Rs 2,233.39 crore in the similar quarter of last fiscal.
The pharma company's total expenses during the quarter increased by 12.46% to Rs 5,766.33 crore as against Rs 5,127.55 crore in the corresponding period of previous fiscal.
See LIVE stock updates of Sun Pharmaceutical Industries here-
On Tuesday, the stock of Sun Pharmaceutical Industries closed down 0.73% or Rs 4.80 at Rs 650.15 on the BSE.
ALSO READ: Sun Pharma Q2 net profit rises by 90%; India sales up by 11%
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
05:04 PM IST