Sun Pharma profits up 3.6 times, driven by sales growth

Sun-pharmaSun Pharma profits soared fourfold due to growth in sales and proportionally lower expenses compared to the previous year.

The net profit after tax stood at Rs. 2,033.71 crores as compared to Rs. 555.9 crores the previous year.

Lower material cost and better liquidation of work in progress goods were the major factors for the growth.



Cipla redraws Iran plans with new agreement, to invest Rs 121 cr Cipla said its wholly owned subsidiary of the Company in Netherlands will set up a 75% joint venture with Ahran Tejarat Company for manufacturing and marketing of pharmaceutical products in Iran.An earlier agreement executed by the Company with the Iranian firm has been terminated.The total investment will be euro 16.875 million, which comes to about...
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