Solar Pharma Shares Tank Over 4% After This autumn Earnings

Sun Pharma Shares Tank Over 4% After Q4 Earnings

The corporate’s inventory declined 4.12 per cent to Rs 851.50 on the BSE.

New Delhi:

Shares of Solar Pharmaceutical Industries fell by over 4 per cent in morning commerce on Tuesday a day after the corporate stated its consolidated web loss stood at Rs 2,277 crore for the fourth quarter ended March 2022, primarily on account of a one-time distinctive loss.

The corporate’s inventory declined 4.12 per cent to Rs 851.50 on the BSE.

On the NSE, it tumbled 4.17 per cent to Rs 851.20 apiece.

The Mumbai-based drug main on Monday reported a web revenue of Rs 894 crore within the January-March interval of 2020-21.

Consolidated gross sales from operations stood at Rs 9,386 crore within the fourth quarter.

The corporate had reported gross sales from operations at Rs 8,464 crore within the year-ago interval.

Throughout the interval beneath assessment, the corporate stated it incurred a one-time price of Rs 56.35 crore for restructuring operations in sure international locations.

Complete loss cited as an distinctive merchandise through the fourth quarter, stood at Rs 3,936 crore.

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