InvestorQ : How were the Sun Pharma results announced on 30 July?
Niti Shenoi made post

How were the Sun Pharma results announced on 30 July?

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ishika Banerjee answered.
5 months ago
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Sun Pharma reported net profit of Rs.1,444 crore for the Jun-21 quarter as compared to a net loss of Rs.1,656 crore in the Jun-20 quarter. Overall sales were up 29% yoy at Rs.9,669 crore. India sales grew by 30% at Rs.3,308 crore while the US finished dosage revenues were up 35% at $380 million. Sun Pharma also saw good traction across other emerging markets and the rest of the world in the Jun-21 quarter.

The Jun-21 numbers could be attributed to core business growth, low base of Jun-21 and some sale of COVID-19 products. During the year, Sun Pharma defrayed loans to the tune of $185 million and has repaid $765 million in total since the last five quarters. Taro made an exceptional provision of Rs.632 crore but this amount was substantially compared to the Rs.3,300 crore hit taken in the Jun-20 quarter.

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