Sun Pharma Q1 net profit falls 2% to ₹2,022 crore; revenue rises 11% YoY
1 year, 4 months ago

Sun Pharma Q1 net profit falls 2% to ₹2,022 crore; revenue rises 11% YoY

Live Mint  

Sun Pharmaceutical Industries Ltd on Thursday reported a net profit of ₹2,022.54 crore for the quarter ended June 2023, down 1.86% from ₹2,060.88 crore in the same period last year. Taro posted Q1FY24 sales of $159 million, up by 1.4% YoY and reported net profit of about $10 million, lower by 28.9% over net profit of Q1 last year. “Excluding the impact from certain one-time items in the current year quarter, net income was $14.9 million as against the net profit of $14.1 million of Q1FY23,” the company said. US has led the revenue growth in Q1 and Global Specialty has continued to increase as a share of our revenues,” said Dilip Shanghvi, Managing Director, Sun Pharmaceutical Industries.

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