Sun Pharmaceutical Industries: Results Q1FY20

The shares of the company closed at Rs 437.55, up by 3.71 per cent on back of robust financials.

The company has reported a rise of 28.67 per cent in its net profit at Rs 763.37 crore for Q1FY20 as compared to Rs 593.29 crore for the same quarter in the previous year. Total income of the company increased by 9.17 per cent at Rs 3,327.59 crore for Q1FY20 as compared Rs 3,048.03 crore for the corresponding quarter previous year.

On a consolidated basis, the company has reported a rise of 31.23 per cent in its net profit at Rs. 1,387.48 crore for Q1FY20 as compared to Rs. 1,057.29 crore for the same quarter in the previous year. Total income of the company increased by 15.67 per cent at Rs. 8,587.38 crore for Q1FY20 as compared Rs. 7,423.92 crore for the corresponding quarter previous year.

The shares of the company on Tuesday opened at Rs. 422 against Friday’s close of Rs. 421.90. At closing hours, it was trading at Rs. 437.55, 3.71 per cent higher than its previous close. The stock hit an intraday high of Rs. 444.80 and intraday low was Rs. 420.80. Its 52-week high was Rs. 678 and 52-week low was Rs. 350.40 per share on the BSE.