Sun Pharmaceutical's Consolidated Profit Declines in Fiscal Q4; Shares Down 3%

MT Newswires Live
23 May

Sun Pharmaceutical Industries (NSE:SUNPHARMA, BOM:524715) posted a decline in its consolidated net profit to 21.5 billion Indian rupees in the fiscal fourth quarter ended March 31, against 26.5 billion rupees a year ago.

Earnings per share contracted to 9.0 rupees compared with the year-ago figure of 11.1 rupees, according to a Thursday filing to the Indian stock exchanges by the pharmaceutical company.

Revenue from operations in fiscal Q4, however, increased to 129.6 billion rupees from 119.8 billion rupees a year earlier.

The company's board declared a final dividend of 5.50 rupees per equity share of 1 rupee each.

Sun Pharma's shares were down nearly 3% in recent trade.

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