InvestorQ : What is your take on the quarterly results of Sun Pharma?
vaishnavi mhatre made post

What is your take on the quarterly results of Sun Pharma?

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vidhya Laxmi answered.
4 weeks ago
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Sun Pharma reported 12.5% higher sales at Rs.9,626 crore and 12.9% higher net profits at Rs.2,047 crore for the second quarter ended September 2021. The growth was stable as most of the operating cost items in the quarter largely remained stable.

In Jun-21 quarter, profits fell sharply due to exceptional write-off worth Rs632cr towards provisions for settlement amount payable to Department of Justice. This pertains to the US Taro case. Net margins at 21.27% in the Sep-21 quarter continues to remain robust.

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