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Sun Pharma Q3 net profit plunges 75% to Rs 3.6 bn on weak US sales

Total revenue from operations fell 16 percent to Rs 66.53 billion

Reuters 

India's largest drugmaker Sun Pharmaceutical Industries Ltd reported a 75 percent plunge in third-quarter net profit on Wednesday as pricing pressures in the United States, its biggest market, hit sales. Sun Pharma, along with other Indian pharmaceutical companies, has been battling increased competition in the generics market and greater pricing scrutiny in the United States. The drugmaker has also struggled as some of its products were banned from sale in the United States because the factories that made them did not meet US quality standards. It was also hit by ...

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First Published: Wed, February 14 2018. 17:54 IST
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