Sun Pharma net profit rises 11 percent to Rs 2,058.8 crore in Q3
New Delhi: Sun Pharma on Monday posted an 11.14 per cent increase in its consolidated net profit to Rs 2,058.8 crore for the third quarter ended on December 31, 2021, on the back of robust sales across domestic and international markets.
The Mumbai-based drug major had reported a consolidated net profit of Rs 1,852.4 crore in the October-December period of previous fiscal.
Total revenue from operations rose to Rs 9,863 crore in the third quarter as compared to Rs 8,836.7 crore in the same period of previous fiscal, Sun Pharmaceutical Industries said in a regulatory filing.
''We achieved a sustained momentum and good growth across businesses; despite rising costs, we have achieved higher profitability,'' Sun Pharma Managing Director Dilip Shanghvi noted.
The company's India business continues to grow faster than market, leading to increase in market share, he added.
''Our global specialty business for the first nine months has already crossed previous full-year revenues. We remain steadfast in our focus on topline growth, operational efficiencies and business continuity while simultaneously continuing to expand our global specialty presence,'' Shanghvi stated.
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