Sun Pharma Q1 net up 43% to Rs 2,061 crore on specialty sales, India biz

Gross sales up 10.1% YoY to Rs 10,644 cr; EBITDA at Rs 2,884.4 cr, with a margin of 26.8%

India’s largest drug maker Sun Pharmaceutical Industries has posted a 43 per cent rise in net profit for the first quarter of the current fiscal year, to Rs 2,061 crore, beating street estimates, riding on robust sales across India, US and emerging markets. The firm’s gross sales were up 10.1 per cent year-on-year (YoY) to Rs 10,644 crore during the quarter, from Rs 9,719 crore a year ago.

Excluding the exceptional items of Q1 last year, the adjusted net profit was up 4.1 per cent.

EBITDA for the quarter came in at Rs 2,884.4 crore (including other operating revenues), and