InvestorQ : How do you see the latest quarter results of Sun Pharma for the December 2019 quarter?
Anjana Aiyar made post

How do you see the latest quarter results of Sun Pharma for the December 2019 quarter?

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Arya Nanda answered.
1 year ago
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Sun Pharma posted 26% fall in its net profit at Rs.914 crore for December 2019 quarter essentially due to a sharp rise in the expenses. The net profit was lower than the consensus Bloomberg estimates. Total revenues from operations for Sun Pharma were up 5.4% at Rs.8155 crores. The real reason for the weak profit was the 11.6% growth in total expenses to Rs.6923 crore. India sales were up by nearly 13% and that accounted for nearly 35% of total sales. US sales suffered a fall of 3% and significantly accounted for nearly 32% of total sales. Its operating income fell 16.63% to Rs.1725 crores. The stock price of Sun Pharma is quoting at around Rs.431 currently.

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