Sun Pharma shares continue to fall for 2nd day after Q1 earnings further drops 4.53 pc

     New Delhi, Aug 1 (PTI) Shares of Sun Pharmaceutical Industries on Friday tumbled 4.53 per cent after the company reported a 20 per cent on-year fall in consolidated net profit for the June quarter.
     Extending its previous day's decline, the company's stock dropped 4.49 per cent to settle at Rs 1,629.05 apiece on the BSE. During the day, the stock tanked 5.70 per cent to Rs 1,608.30.
     On the NSE, it dropped 4.53 per cent to Rs 1,629.30 a share.
     Shares of Sun Pharmaceutical Industries on Thursday fell by nearly 2 per cent.
     In two days, the company's market valuation eroded by Rs 25,418.49 crore to Rs 3,90,854.13 crore.
     Sun Pharmaceutical Industries on Thursday reported a 20 per cent year-on-year decline in consolidated net profit to Rs 2,279 crore for the first quarter ended June 30, 2025.
     The Mumbai-based drug major posted a net profit of Rs 2,836 crore for the April-June quarter of the last financial year.
     Adjusted net profit, excluding the exceptional items, for the first quarter stood at Rs 2,996 crore, up 6 per cent year-on-year.
     Total income rose to 14,316 crore for the June quarter against Rs 13,185 crore in the year-ago period, Sun Pharma said in a regulatory filing.

(This story has not been edited by THE WEEK and is auto-generated from PTI)