Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
30 January, 2015 20:59 IST
Lupin Q3 profit surges 42.6%, beats estimates
Source: IRIS | 31 Jan, 2013, 02.07PM
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)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Whirlpool of India standalone quarterly earnings surge 48.42% - 30-Jan-2015 19:19
Shriram Transport Finance board elevates Lakshminarayanan as chairman - 30-Jan-2015 17:26
Tech Mahindra consolidated quarterly profit declines 20.25% - 30-Jan-2015 15:49
Binani Industries swings to profit in Oct-Dec quarter - 30-Jan-2015 15:43
NTPC standalone quarterly net climbs 7.43% - 30-Jan-2015 15:38
Kirloskar Brothers swings to loss in Oct-Dec quarter - 30-Jan-2015 15:35
Adani Enterprises consolidated quarterly profit soars 6.51 times - 30-Jan-2015 15:30
JSW Steel consolidated quarterly profit drops 29.49% - 30-Jan-2015 15:25
Monsanto India standalone quarterly net drops 25.76% - 30-Jan-2015 15:20
Dabur India consolidated Q3 profit climbs 16.5% - 30-Jan-2015 14:55
Siemens Q1 profit surges to Rs 6.34 bn - 30-Jan-2015 14:47
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer