January 19, 2025 12:57 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Kolkata court convicts civic volunteer Sanjoy Roy in RG Kar rape-murder case | Saif was stabbed repeatedly, he tried to protect Taimur and Jeh: Kareena Kapoor Khan records statement with police | Escaped death by 20-25 minutes: Sheikh Hasina alleges opposition wanted to kill her | Cabinet's decision on 8th Pay Commission will improve quality of life, give boost to consumption: PM Modi | 'It has been an incredibly challenging day': Kareena Kapoor Khan requests privacy after Saif Ali Khan's stabbing incident | 'Distorting history': Mamata slams Mohan Bhagwat over his Ram Temple consecration 'marking true independence' remark | Saif Ali Khan stabbing incident: Actor who received six wounds is out of danger, one accused identified | ISRO creates history docking two Indian satellites in space | US-based short seller Hindenburg Research that targeted Adani Group and SEBI chairperson to be disbanded | Saif Ali Khan stabbed during burglary attempt at home, hospitalised; police probe on

Sun Pharma FY24 Sept qtr net profit grows 5% to Rs 2,376 cr

| @indiablooms | Nov 02, 2023, at 07:12 am

Mumbai: Leading pharma company Sun Pharmaceutical Industries Ltd Wednesday reported a 5% increase in its net profit for the July-September quarter, reaching Rs 2,375.5 crore compared to Rs 2,262.2 crore in the corresponding period last year.

This marks a 17.4% rise from the previous quarter's net profit of Rs 2,022.5 crore. 

The company's revenue from operations saw an 11.3% uptick, amounting to Rs 12,192.4 crore in the quarter, up from Rs 10,952.2 crore in the same period last year.

Sun Pharma's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at Rs 3,179 crore, with a margin of 26.1%.

In a recent development, the company revealed that the United States Food and Drug Administration (FDA) has accepted the New Drug Application (NDA) for deucruxitinib, an oral selective inhibitor targeting Janus kinases JAK1 and JAK2. This application seeks approval for the treatment of adults with moderate to severe alopecia areata, an autoimmune condition causing partial or complete hair loss on the scalp and body.

Furthermore, Zydus Lifesciences announced a partnership with Sun Pharma to distribute an oral treatment for anaemia associated with chronic kidney disease (CKD) in the country.

"The companies have entered into a licensing agreement to co-market the innovative drug, Desidustat, in India," Zydus said in a regulatory filing.

As per the terms outlined in the agreement, Zydus has provided Sun Pharma with semi-exclusive rights to collaborate in marketing the product in India. Under this collaboration, Sun Pharma market the drug under the brand name "Rytstat."

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm