India's Sun Pharma posts Q1 profit fall on higher expenses

3/08/2023 2:50:16 PM | Source: Reuters

India's Sun Pharma posts Q1 profit fall on higher expenses

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Sun Pharmaceutical Industries posted a nearly 2% fall in its first-quarter profit on Thursday, hurt by a rise in expenses.

The company's consolidated net profit after tax stood at 20.23 billion rupees ($244.4 million) for the quarter ended June 30, compared with 20.61 billion rupees a year earlier.

Analysts, on average, had expected a profit of 21.38 billion rupees, as per Refinitiv data.

($1 = 82.7825 Indian rupees)

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India's Sun Pharma posts Q1 profit fall on higher expenses

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