Operating income shed 26.3 percent at USD 58.19 million and operating margin was at 39.4 percent versus 44.7 percent, YoY.
Sun Pharmaceutical Industries share price slipped over 1 percent intraday on February 4 after its US subsidiary, Taro Pharmaceuticals, reported weak numbers for the quarter ended December 2019.
Taro Pharma's Q3 net profit was down 27.6 percent at $67.68 million against $93.5 million in the year-ago period.
Revenue was down 16.3 percent at $147.7 million versus $176.4 million, YoY.
Its forex income stood at $3.3 million, while tax expense was at $2.87 million.
Operating income shed 26.3 percent at $58.19 million and operating margin was at 39.4 percent versus 44.7 percent, YoY.
At 1234 hours, Sun Pharmaceutical Industries was quoting at Rs 422.85, up Rs 5.35, or 1.28 percent, on the BSE.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.First Published on Feb 4, 2020 12:52 pm
