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Sun Pharma Q1 results: Reports net loss of Rs 1,655.60 crore, misses estimates

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Sun Pharma Q1 results: Reports net loss of Rs 1,655.60 crore, misses estimates

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Drug major Sun Pharmaceutical Industries on Friday reported a consolidated net loss of Rs 1,655.60 crore for the quarter ended June 30, 2020.

Drug major Sun Pharmaceutical Industries on Friday reported a consolidated net loss of Rs 1,655.60 crore for the quarter ended June 30, 2020.
In the corresponding quarter last year, the Mumbai-headquartered company posted a net profit of Rs 1,387.48 crore. CNBC-TV18 Polls had predicted a profit of Rs 919 crore for the quarter under review.
Revenue for the quarter decreased by 9.4 percent at Rs 7,585.3 crore as against Rs 8,374.4 crore in the same period a year ago.
The results came after close of the market hours. Shares of Sun Pharma ended at Rs 531.75, up down Rs 21.80, or 4.27 percent on the BSE.
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