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Sun Pharma In The News

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Sun Pharma Q1 Net at Rs 501 Cr

Sun Pharmaceutical Industries on Thursday reported a consolidated net profit of Rs 501 crore for the first quarter ended June 30, 2011. The firm had posted net profit of Rs 564.32 crore for the same quarter last fiscal, but said the figures were not comparable due to the acquisition of Israel's Taro Pharma'ceutical Industries, which became its subsidiary in September last year. For the first quarter this fiscal, total income stood at Rs 1,635.72 crore, compared to Rs 1,365.06 crore in the corresponding year-ago period, the company said. During the period under re'view, expenditure on consumption of materi'als amounted to Rs 451.06 crore, up from Rs 369.19 crore in the same quarter last fiscal.