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Sun Pharma shares drop over 3% after Q2 earnings

Press Trust of India  |  New Delhi 

of Industries today fell by over 3 per cent after the company reported a 59.19 per cent decline in consolidated net profit for the September quarter.

The stock slipped 3.29 per cent to Rs 508.80 on the

At the NSE, it fell 3.32 per cent to Rs 508.55.

Pharma major Industries yesterday reported a 59.19 per cent drop in consolidated net profit to Rs 912.12 crore for the September quarter, mainly on account of degrowth in the US sales.

The company had posted a net profit of Rs 2,235.14 crore for the corresponding period of the previous fiscal, Sun Pharma said in a filing.

Consolidated total from operations stood at Rs 6,650.34 crore. It was Rs 8,260.11 crore in the same period of the previous year.

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

First Published: Wed, November 15 2017. 12:42 IST