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earnings | IST

Sun Pharma posts surprise quarterly loss on one-time charge

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Sun Pharmaceutical Industries Ltd, India's largest drugmaker by market capitalisation, posted a surprise quarterly loss on Tuesday, hurt by a one-time charge due to a legal settlement.

Sun Pharmaceutical Industries Ltd, India's largest drugmaker by market capitalisation, posted a surprise quarterly loss on Tuesday, hurt by a one-time charge due to a legal settlement.
Net loss came in at Rs 219 crores ($30.15 million) for the quarter ended Sept. 30, compared with a profit of Rs 912 crores rupees a year earlier, Sun Pharma said.
Analysts on average expected a profit of Rs 1035 crores, according to IBES data from Refinitiv.
Total revenue from operations rose 4.3 percent to Rs 6938 crores.