Sun Pharmaceuticals Industries consolidated net loss of Rs.321 crore in Q1FY18, vs net profit of Rs. 2,268 crore in Q1FY17 : Misses Estimates

India Infoline Research Team | August 11, 2017 16:05 IST

Sun Pharmaceuticals Industries Ltd Q1FY18

Consolidated Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 6,167 [23.0]
EBITDA 1,400 [53.2]
EBITDA Margin (%) 22.7 [1,462]
Net Loss (Un-adjusted) 321 -
***EBITDA margin change is bps
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Reco. Price

550.8

Last updated on

31-Jul-2017



Sun Pharmaceutical Industries Ltd.'s Q1FY18 consolidated results for the quarter registered a miss versus street estimates. Revenue for the quarter came in 13.1 % lower than the estimated figure of Rs. 7096 crore. EBITDA for the quarter came in 19.7 % lower than the estimated figure of Rs. 1745 crore. And lastly, net profit for the quarter came in 128 % lower than the estimated figure of Rs. 1144 crore.

Sun Pharmaceutical Industries Ltd. consolidated revenue for the quarter came in at Rs. 6167 crore, registering 23% yoy decline.

EBITDA for the quarter fell by 53.2% yoy to Rs. 1400. crore with a corresponding margin contraction of 1462 bps. EBITDA margin for the quarter stood at 22.7%. This margin contraction was driven by 14.3% yoy increase in cost of raw materials consumed.

Company reported net loss of Rs.321 crore, vs net profit of Rs.2268 crore in Q1FY17. This was due to one-time exceptional provisions of Rs.950 crore on account of settlements with Apotex Corporation and retail purchasers.


Technical View:

Sun Pharmaceuticals Industries Ltd ended at Rs. 451.30, down by 8.85 points or 1.92% from its previous closing of Rs. 460.15 on the BSE.
The scrip opened at Rs. 460.90 and touched a high and low of Rs. 463.75 and Rs. 445.05 respectively. A total of 85,43,988(NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

BSE 535.60 [4.75] ([0.88]%)
NSE 535.75 [4.45] ([0.82]%)

***Note: This is a NSE Chart

 

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