Lupin has dipped 7% to Rs 830 after reporting 43% year-on-year (yoy) jump in its consolidated net profit at Rs 401 crore for quarter ended June 30, 2013 (Q1 FY14), mainly due to higher other income. The pharmaceutical company had profit of Rs 280 crore in year ago quarter.
Total income from operations grew 10% to Rs 2,476 crore for the quarter against Rs 2,254 crore in the corresponding quarter of previous fiscal.
Analyst on an average had expected net profit of Rs 383 crore and net sales of Rs 2,713 crore for the quarter.
The company’s other income has surged by over four-fold at Rs 101 crore during the recently concluded quarter. The company had other income of Rs 23.56 crore in a year ago quarter.
EBITDA margin expanded to 28.5% in Q1 FY14 as against 21.7% in Q1FY13, Lupin said in statement.
The stock opened at Rs 894 and touched low of Rs 822 on NSE. A combined 1.73 combined million shares changed hands on the counter so far on NSE and BSE.
Total income from operations grew 10% to Rs 2,476 crore for the quarter against Rs 2,254 crore in the corresponding quarter of previous fiscal.
Analyst on an average had expected net profit of Rs 383 crore and net sales of Rs 2,713 crore for the quarter.
The company’s other income has surged by over four-fold at Rs 101 crore during the recently concluded quarter. The company had other income of Rs 23.56 crore in a year ago quarter.
EBITDA margin expanded to 28.5% in Q1 FY14 as against 21.7% in Q1FY13, Lupin said in statement.
The stock opened at Rs 894 and touched low of Rs 822 on NSE. A combined 1.73 combined million shares changed hands on the counter so far on NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%