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Sun Pharma Q2 net plunges 59% at Rs 912 cr

Analysts on average had expected a profit of Rs 827 crore, according to Thomson Reuters data

Reuters 

sun pharma
A logo of Sun Pharmaceutical Industries Ltd is pictured at its research and development centre in Mumbai (Photo: Reuters)

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

Profit came in at Rs 912 crore ($139.48 million) in the quarter ended Sept. 30, compared with Rs 2,235 crore a year ago, the company said. 

Analysts on average had expected a profit of Rs 827 crore, according to Thomson Reuters data.

First Published: Tue, November 14 2017. 16:58 IST
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