Sun Pharma Q4 net more than doubles to Rs 894 cr; declares dividend of Rs 2

on Thursday reported 123 per cent year-on-year increase in consolidated net profit at Rs 894 crore for the quarter ending March 31, 2021. It was Rs 399.8 crore in the year-ago period.

However, the profit was still below the Street’s expectation of over Rs 1,200 crore. has incurred an exceptional loss of Rs 672.8 crore related to various litigation settlements pertaining to some of its subsidiaries.

Its revenue from operations came in at Rs 8,522 crore for the quarter under review, an increase of 4 per cent from Rs 8,184 crore in the same quarter last year.

Meanwhile, other income for the March quarter is at Rs 111 crore. At the operating level, earnings before interest, tax, deprecitation and amortisation (EBITDA) stood at Rs 2,048 crore, with margins of 24.3 per cent.

The company’s board has recommended a final dividend of Rs 2 per share for the financial year ended March, 2021.

Ahead of the results, the company’s scrip was down 0.47 per cent at Rs 700.5 on NSE.

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