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Sun Pharma Q2 profit beats estimates

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Reuters MUMBAI
Last Updated : Nov 10 2016 | 4:43 PM IST

MUMBAI (Reuters) - Sun Pharmaceutical Industries Ltd , India's largest drugmaker, reported on Thursday a quarterly profit that more than doubled from last year, outpacing analysts' expectations.

Net profit for July-September rose to 22.35 billion rupees ($335.79 million) from 10.29 billion rupees a year earlier. Analysts expected an average profit of 16.46 billion rupees, according to Thomson Reuters I/B/E/S.

($1 = 66.5600 Indian rupees)

(Reporting by Zeba Siddiqui in Mumbai; Editing by Sherry Jacob-Phillips)

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First Published: Nov 10 2016 | 4:25 PM IST

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