INSUBCONTINENT EXCLUSIVE:
Sun Pharma's profit was hurt by a one-time charge due to a legal settlement in Q2Sun Pharmaceutical Industries, the country's largest drug
maker by market capitalisation, posted a surprise quarterly loss on Tuesday, hurt by a one-time charge due to a legal settlement.Net loss
came in at Rs 219 crore ($30.15 million) for the quarter ended September 30, compared with a profit of Rs 912 crore a year earlier, Sun
Pharma said.Analysts had on an average expected a profit of Rs 1,035 crore, according to IBES data from Refinitiv.Total revenue from
benchmark index Nifty settled nearly 1 per cent higher at 10,582, before the earnings announcement by the drug maker.($1 = Rs 72.6425)
