Lupin, one of the leading pharmaceutical companies in India, will be announcing its second quarter financial results on Monday, Oct. 27, 2014.
Angel Broking is of the opinion that the company is expected to post a net sales Rs 33.60 billion V/s Rs 26.31 billion, a yoy growth of 27.7%. The sales growth would be driven by both exports and domestic.
On the operating front, the gross margin is expected to come in flat at 68.0%; consequently taking the operating margins to 24.3% V/s 23.7% in 2QFY2014. Consequently, the net profit is expected to come in at Rs 5.31 billion V/s Rs 4.06 billion in 2QFY2014; a yoy growth of 30.8%. We maintain our neutral rating on the stock, it said.
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