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Sun Pharma rises over 3% on good Q2 earnings

Sun Pharma rises over 3% on good Q2 earnings
PTI
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First Published: Mon, Nov 14 2011. 11 20 AM IST

Sun Pharma CMD Dilip Shanghvi. File photo
Sun Pharma CMD Dilip Shanghvi. File photo
Updated: Mon, Nov 14 2011. 11 20 AM IST
Mumbai: Drug-maker Sun Pharmaceutical Industries gained over 3% on the bourses on Monday after the company reported 19% growth in net profit to Rs598 crore for the quarter ended 30 September.
Sun Pharma CMD Dilip Shanghvi. File photo
Shares of the company jumped by 3.4% to Rs521 on the BSE, while on the NSE, the scrip gained 3.5% to Rs522.
The drugmaker’s scrip was also the top gainer among the Sensex-30 blue-chips in morning trade.
Sun Pharmaceutical Industries has reported 19% growth in net profit to Rs598 crore for the quarter ended 30 September on account of robust performance across its businesses.
In the corresponding year-ago period, the company had posted a net profit of Rs503.65 crore.
On a standalone basis, Sun Pharma’s net profit increased to Rs437.55 crore in the second quarter ended 30 September from Rs345.72 crore in the year-ago period.
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First Published: Mon, Nov 14 2011. 11 20 AM IST
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