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Sun Pharma posts surprise loss in June-quarter


(Reuters) - India's largest drugmaker Pharmaceutical Industries posted a surprise loss in the first quarter.

Net loss was 4.25 billion rupees ($66.19 million) in the three months ending June, compared with a profit of 20.34 billion rupees a year earlier, the Mumbai-based company said on Friday.

Total revenue from operations fell nearly 25 percent to 62.09 billion rupees.

($1 = 64.2050 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 11 2017. 15:56 IST