November 14, 2017 / 10:37 AM / a month ago

India's Sun Pharma Q2 profit dives 59 pct

    Nov 14 (Reuters) - India's largest drugmaker, Sun
Pharmaceutical Industries Ltd         , posted a 59 percent
plunge in second-quarter profit on Tuesday, but beat estimates.
    Profit came in at 9.12 billion rupees ($139.48 million) in
the quarter ended Sept. 30, compared with 22.35 billion rupees a
year ago, the company said. bit.ly/2zVVJbv
    Analysts on average had expected a profit of 8.27 billion
rupees, according to Thomson Reuters data.


    ($1 = 65.3850 Indian rupees)

 (Reporting by Jessica Kuruthukulangara and Vishal Sridhar in
Bengaluru; Editing by Sherry Jacob-Phillips)
  

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