The net profit in Q3 of 2018-19 was Rs 1,242 crore, marking a phenomenal growth of 49 per cent. In Q3 of previous year, the profit was adversely impacted by one-time deferred tax adjustment of Rs 513 crore related to changes in US tax rates.
The EBITDA (earnings before interest, tax, depreciation and amortisation) during October to December 2018 stood at Rs 2,069 crore, up 48 per cent. The margins were partly driven by forex gains, the company informed stock exchanges on Tuesday.
We remain committed towards executing our global speciality strategy, strengthening core operations and enhancing overall efficiencies, said Managing Director of Sun Pharma.
The company's research and development investments during Q3 of FY 19 were Rs 465 crore, or 6.1 per cent of sales, compared to Rs 473 crore, or 7.2 per cent of sales, in Q3 of FY 18.
Sun Pharma is the world's fifth largest speciality generic pharmaceutical company and India's top pharmaceutical company. It has 42 manufacturing facilities across six continents.