Sun Pharma posts surprise quarterly loss on one-time charge

Reuters 

(Reuters) - Industries Ltd, India's largest drugmaker by market capitalisation, posted a surprise quarterly loss on Tuesday, hurt by a one-time charge due to a legal settlement.

Net loss came in at 2.19 billion rupees ($30.15 million) for the quarter ended Sept. 30, compared with a profit of 9.12 billion rupees a year earlier, said https://

Analysts on average expected a profit of 10.35 billion rupees, according to IBES data from

Total revenue from operations rose 4.3 percent to 69.38 billion rupees.

($1 = 72.6425 Indian rupees)

(Reporting by Tanvi Mehta and Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

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

First Published: Tue, November 13 2018. 16:05 IST