India's Sun Pharmaceutical Q2 profit rises 11%
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Sun Pharmaceutical Industries Ltd, India's largest drugmaker, on Tuesday reported a 10.5% rise in second quarter profit on higher sales in the domestic market.
The company, known for its consumer healthcare products such as Revital vitamins and pain relief medicine Volini, said consolidated net profit for three months ended Sept. 30 was 22.62 billion Indian rupees ($273.75 million), up from 20.47 billion rupees last year.
Analysts, on average, expected the company to report profit of 19.83 billion rupees, according to Refinitiv IBES data.
($1 = 82.6300 Indian rupees)
