Lupin reports 20.5% jump in Q3 net profit, meets Street expectations
NEW DELHI: Lupin on Thursday reported a 20.51 per cent year-on-year (YoY) rise in consolidated net profit to Rs 633 crore for the quarter ended December 31, largely meeting the Rs 630 crore profit anticipated by analysts polled in an ET Now survey.
The drugmaker had reported Rs 525.36 crore profit for the same quarter last year.
Consolidated revenue for the quarter jumped 19.54 per cent to Rs 4,005 crore from Rs 3,350 crore in the year-ago quarter. Including other income, sales came in at Rs 4,482 crore, beating the ETNow poll estimate of Rs 4,270 crore by a good margin.
Ebitda for the quarter came in at Rs 1,215 crore, compared with Rs 1,050 crore projected in the ET Now poll. The company said margins for December quarter stood at 27.15 per cent compared with 24.5 per cent estimated in an ETNow poll.
The drugmaker had reported Rs 525.36 crore profit for the same quarter last year.
Consolidated revenue for the quarter jumped 19.54 per cent to Rs 4,005 crore from Rs 3,350 crore in the year-ago quarter. Including other income, sales came in at Rs 4,482 crore, beating the ETNow poll estimate of Rs 4,270 crore by a good margin.
Ebitda for the quarter came in at Rs 1,215 crore, compared with Rs 1,050 crore projected in the ET Now poll. The company said margins for December quarter stood at 27.15 per cent compared with 24.5 per cent estimated in an ETNow poll.
