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Sun Pharma third-quarter profit rises nearly four-fold, beats estimate

Reuters 

(Reuters) - Industries Ltd, India's largest drugmaker by market value, posted a nearly four-fold jump in quarterly profit on Tuesday, beating estimates.

Net profit came in at 12.42 billion rupees ($175.45 million) versus 3.22 billion rupees profit last year, the company said https://

This was above an average estimate for a profit of 9.86 billion rupees from 16 analysts, Refinitiv Eikon data shows.

Last year in the same quarter the company had a one-time tax expense of 5.13 billion rupees.

Total revenue from operations grew 16.3 percent to 77.40 billion rupees.

(Reporting by in Bengaluru; Editing by David Evans)

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

First Published: Tue, February 12 2019. 16:42 IST
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