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Sun Pharma Q3 Results: Profit Jumps Twofold On Higher Other Income

Sun Pharma’s net profit rose to Rs 1,852.5 crore in the quarter ended December from Rs 913.5 crore a year ago.

Hormaz Fatakia
Sun Pharma headquarters in Mumbai. (Photographer: Kanishka Sonthalia/Bloomberg)

Sun Pharmaceutical Industries Ltd.’s quarterly profit jumped twofold as a surge in other income offset the drop in sales at the U.S. subsidiary.

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Shares of Sun Pharma gained as much as 6.3% - the most in nine months to Rs 600, post the announcement. The stock had underperformed the benchmark Nifty 50 during the October-December period as it gained 18.3% compared with the 24.3% surge in the benchmark.

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