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Sun Pharma Q4FY24 PAT grows 34% to Rs 2,655 cr; Rs 5 per share dividend declared

Sun Pharma Q4FY24 PAT grows 34% to Rs 2,655 cr; Rs 5 per share dividend declared

| @indiablooms | 22 May 2024, 10:10 pm

Mumbai: Leading pharmaceutical company Sun Pharmaceutical Industries Ltd announced a consolidated net profit of Rs 2,654.5 crore for the March quarter, a 34 percent increase from the same period last year, media reported.

The consolidated revenue was reported at Rs 11,982.9 crore, a 9 percent rise compared to Rs 10,930.6 crore a year earlier, reported Moneycontrol.

The company's board also declared a final dividend of Rs 5 per equity share for the financial year 2023-24.

Operating EBITDA grew by 8.3 percent to Rs 3,034 crore, up from Rs 2,802 crore in the previous fiscal year.

The EBITDA margin was 25.3 percent, slightly down from 25.6 percent in the same period last year.

For the full year FY24, external API sales were Rs 1,918.7 crore, a decrease of 2.7 percent from the previous year, said the report.

US formulation sales for the full year FY24 were $1,854 million, an increase of 10.1 percent compared to the same period last year.

In Q4 FY24, US formulation sales were $476 million, a growth of 10.9 percent over Q4 of the previous year, making up 33.5 percent of total consolidated sales for the quarter, stated the report.

Global specialty sales reached $271 million, up 11.1 percent year-on-year. Formulation sales in Emerging Markets for the full year FY24 were $1,041 million, up 5.9 percent from the previous year.

Emerging Markets sales for Q4 FY24 were $245 million, growing 10.8 percent from Q4 of the previous year and accounting for 17.2 percent of total consolidated sales for the quarter.

R&D investments for the quarter were Rs 900 crore, compared to Rs 665.7 crore in Q4 FY23.

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