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Sun Pharma’s net profit rises 13% in September quarter

Drug major Sun Pharmaceutical Industries posted a 13% rise in its consolidated net profit for the quarter ended September 2021 to ₹2,047 crore as compared to ₹1,812.7 crore in the same quarter last year. Shares of Sun Pharma were trading over 0.3% higher at ₹814.7 apiece on the BSE in Tuesday’s afternoon deals.

The Mumbai-based drugmaker’s total revenue from operations rose 12.5% to ₹9,626 crore from ₹8,553 crore year-on-year (YoY). Its tax expenses slipped to ₹198 crore versus ₹257 crore on a like-to-like basis.

“The Group continues to monitor the impact of Covid-19 on its business, including its impact on customers, supply-chain, employees and logistics,” the pharma giant said in an exchange filing.

Sun Pharma share price has advanced 38% this year, outpacing the 26% rise of benchmark S&P BSE Sensex Index. 

 

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