Sun Pharma posts surprise loss in June-quarter

Last Updated: Fri, Aug 11, 2017 16:03 hrs
A man carrying gas cylinder walks out of research and development centre of Sun Pharmaceutical Industries Ltd in Mumbai

(Reuters) - India's largest drugmaker Sun Pharmaceutical Industries posted a surprise loss in the first quarter.

Net loss was 4.25 billion rupees ($66.19 million) in the three months ending June, compared with a profit of 20.34 billion rupees a year earlier, the Mumbai-based company said on Friday.

Total revenue from operations fell nearly 25 percent to 62.09 billion rupees.

($1 = 64.2050 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru)

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