May 28, 2018 / 2:11 PM / in 3 months

Aurobindo Pharma fourth-quarter profit misses estimates

(Reuters) - India’s Aurobindo Pharma Ltd posted a 0.6 percent fall in fourth-quarter net profit on Monday that missed analysts’ estimates.

Net profit came in at 5.29 billion rupees ($78.49 million) in the quarter ended March 31, compared with 5.32 billion rupees a year earlier, the Hyderabad-headquartered drugmaker said.

Analysts on average had expected a profit of 5.98 billion rupees, according to Thomson Reuters data.

Net sales rose over 11 percent to 39.89 billion rupees.

($1 = 67.3950 Indian rupees)

Reporting By Arnab Paul and Aby Jose Koilparambil in Bengaluru; Editing by Edmund Blair

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