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Sun Pharma: Ransomware attack to weigh on operational performance

The situation is evolving and can potentially have a wider reach, possibly involving litigations

March 28, 2023 / 10:42 AM IST
Sun Pharma: Ransomware attack to weigh on operational performance

Ransomware-led IT security breach at Sun Pharma to have bearing on the operations.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights Ransomware-led IT security breach to have bearing on operations Additional IT security expenses to further moderate margins Continue to look at inorganic opportunities in the field of animal health & dermatology Valuation remains ahead of large generic players Sun Pharma (CMP: Rs 982; Market cap: Rs 2,35,543 crore) had an IT security incident a few weeks back. As a follow-up, the company has provided an update on the remedial steps taken and indicated its impact on financials. A ransomware group — ALPHV BlackCat —...

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