Sun Pharma Advanced Research Narrows Consolidated Loss in Fiscal Q4; Shares Down 4%

MT Newswires Live
20 May

Sun Pharma Advanced Research (NSE:SPARC, BOM:532872) narrowed its consolidated loss to 597.7 million Indian rupees in the fiscal fourth quarter ended March 31 from 1.06 billion rupees a year ago.

Loss per share fell to 1.84 rupees from 3.26 rupees, according to a Monday filing to the Indian stock exchanges by the biopharmaceutical company.

Revenue from operations in fiscal Q4 increased to 271.9 million rupees from 165.6 million rupees a year earlier.

The company's shares were down nearly 4% in recent trade.

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