Sun Pharma Q3 results: Net profit jumps two-fold to Rs 1,852 cr, beats Street estimates

Sun Pharma Q3 results: Net profit jumps two-fold to Rs 1,852 cr, beats Street estimates
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Other income for the quarter surged to Rs 314.95 crore compared with Rs 119.88 crore in the year-ago quarter.​​

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Analysts in an ETNOW poll had projected the profit figure at Rs 1,260 crore.

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New Delhi: Sun Pharmaceutical Industries on Friday reported a two-fold jump in consolidated net profit at Rs 1,852.48 crore for the December quarter compared with Rs 913.52 crore in the same quarter last year. The numbers were aided by other income.

Analysts in an ETNOW poll had projected the profit figure at Rs 1,260 crore.

Other income for the quarter surged to Rs 314.95 crore compared with Rs 119.88 crore in the year-ago quarter.

Revenue for the quarter rose 9.2 per cent YoY to Rs 8,781.84 crore from Rs 8,038.65 crore in the same quarter last year.

The company board has declared an interim dividend of Rs 5.50 per share. The record date fixed for the purpose of ascertaining the entitlement is February 10.

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