Sun Pharma has done it again. Mainly on the back of a better product mix, the company reported an increase in net profit of 49.2% against less than proportionate growth in topline. This numbers exclude the merger with Pradeep Drug Company Ltd and also Sun Pharmaceutical Advanced Research Centre Ltd, which is the research arm of the company.
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
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No. of Shares (eoy) (m)
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The Company's focus on high margin theraputic segments seems to be paying off as is evident from considerable improvement in operating margins. The operating margins have shown an improvement of more than 200 basis points.
At Rs 528 the comapany trades on a multiple of 18.3x FY01 earnings. The three year average P/E for the company is 23.8x.
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