17 April, 2014 12:15 IST
Lupin Q3 profit surges 42.6%, beats estimates
Source: IRIS (31-JAN-13)
Comments  |  Post Comment

Pharma major, Lupin today reported better-than-expected growth of 42.55% in consolidated net profit to Rs 3.35 billion for the quarter ended Dec. 31, 2012 as compared to Rs 2.35 billion in the same period last year. Analysts on an average were expecting profit of Rs 2.99 billion.

During the quarter, the company saw an increase of 38.69% in total income to Rs 25.27 billion from Rs 18.22 billion in the same quarter last year.

It registered net sales of Rs 24.65 billion, a rise of 37.63% from Rs 17.91 billion during the corresponding period in the last financial year.

Commenting on the results, Kamal K. Sharma, managing director, Lupin, said ''We had a record quarter driven by strong operating performance and growth in the US. Importantly, we continue to improve on margins consistently.''

Shares of the company gained Rs 12.75, or 2.13%, to trade at Rs 612. The total volume of shares traded was 314,662 at the BSE (2.03 p.m., Thursday).

Lupin Limited   (Q,N,C,F)*

Sector News
HCC gains on DMRC order worth Rs 3 bn - 17-Apr-2014 11:41
NBFCs enhancing investment decisions: CRISIL - 17-Apr-2014 11:25
JSW Steel climbs after stake hike in Vallabh Tinplate - 17-Apr-2014 11:21
TCS to deliver better in FY15 than FY14: Analysts - 17-Apr-2014 11:17
CAG can audit telecos' books: SC - 17-Apr-2014 11:11
Steelmakers must focus on high growth sectors & markets: EY - 17-Apr-2014 11:10
Crude oil price of Indian basket increases 0.9% to USD 107.50 a bbl - 17-Apr-2014 11:01
Piramal Enterprises climb after buying stake in Shriram Capital - 17-Apr-2014 10:27
Piramal to buy 20% stake in Shriram Capital for Rs 20.14 bn - 17-Apr-2014 10:08
'Manufacturing industry must become rapid learning enterprise' - 17-Apr-2014 09:59
MindTree jumps on strong Q4 earnings - 17-Apr-2014 09:56
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Security Code type   z3j74x into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer