Sun Pharma Q1 profit surges 31% to Rs 1,387 crore, beats estimates

NEW DELHI: Sun Pharmaceuticals on Tuesday said its profit jumped 31.22 per cent year-on-year (YoY) to Rs 1,387.48 crore in the June quarter from Rs 1,057.29 crore in the corresponding quarter last year.

Analysts at an ET Now poll had estimated Rs 994 crore profit for the quarter. Revenue for the quarter rose 15.69 per cent YoY to Rs 8,259.30 crore against Rs 7138.83 crore in the same quarter last year.

Ebitda for the quarter came in at Rs 1,927.60 crore which was higher than ET Now poll estimate of Rs 1,719 crore. Ebitda margin at Rs 23 per cent also beat ET Now poll estimate of 21.1 per cent.

Following the results, the scrip jumped 5 per cent to hit a high of Rs 443 on BSE. This is even as the BSE Sensex was down 600 points, tracking a global selloff.