Sun Pharma Q1 results: Net profit up 43 per cent to Rs 2,061 crores on robust sales

Sun Pharma today reported 43 per cent rise in consolidated net profit at Rs 2,061 crores for June quarter, riding on robust sales across markets.

The company had posted a net profit of Rs 1,444 crores in April-June 2021-22.

Total revenue from operations rose to Rs 10,762 crores in the period under review from Rs 9,719 crores earlier, Sun Pharma said in a regulatory filing.

“For Q1, all our businesses recorded good growth, driven by a combination of sustained scale-up for our specialty business and all-round growth across markets,” Dilip Shanghvi, Managing Director, Sun Pharma, said.

Specialty business grew 29 per cent driven by Ilumya, Cequa, Odomzo and Winlevi, he added.

“Our India business continues to grow faster than market, leading to increase in market share. We have been able to report healthy margins despite rising costs,” Shanghvi said.

The company continues to focus on expanding global specialty business, growing all its businesses and improving market share, he added.

Edits by EP News Bureau