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SPARC's Q4FY16 standalone net loss narrows to Rs.9.58 crore yoy

The company’s standalone revenue stood at Rs. 41.17 crore, down 3.58% yoy but up 22.71% qoq.

May 06, 2016 6:33 IST | India Infoline News Service
Sun Pharma Advanced Research
Integrated in Pharma research and drug discovery, Sun Pharma Advanced Research Company Ltd's standalone net loss widened to Rs.9.58 crore for the quarter ended March 31, 2016 compared to Rs. 9.40 crore in the corresponding quarter of the previous year, but narrowed from Rs. 41.02 crore in the preceding quarter. The company’s standalone revenue stood at Rs. 41.17 crore, down 3.58% yoy but up 22.71% qoq.
Its standalone core operating loss widened to Rs. 8.64 crore for the quarter compared to Rs. 8 crore in the same quarter of the previous year but narrowed from Rs. 39.01 crore in the preceding quarter.

For the year ended March 31, 2016, the company's standalone net loss widened to Rs. 69.99crore from Rs. 39.52 crore in the corresponding period of the previous year. Its standalone revenue for the period stood at Rs. 161.28 crore, registering growth of 3.56% yoy.

Sun Pharma Advanced Research Company Ltd’s core operating loss widened to Rs. 63.19 crore from Rs. 35.09 crore in the corresponding period of previous year.

Standalone EPS for the quarter stood at Rs. 0.40.

Stock Commentary:

Sun Pharma Advanced Research Company Ltd ended at Rs. 292.45, up by 2.3 points or 0.79% from its previous closing of Rs. 290.15 on the BSE.

The scrip opened at Rs. 288.25 and touched a high and low of Rs. 295.2 and Rs. 288 respectively. A total of 226819(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7164.01 crore.

The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 446.84 on 17-Jul-2015 and a 52 week low of Rs. 243.43 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 304.9 and Rs. 285.85 respectively.

The promoters holding in the company stood at 67.4 % while Institutions and Non-Institutions held 8.57 % and 24.03 % respectively.

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