Lupin hits new high post June quarter earnings

Lupin has moved higher by 2.2% at Rs 583, also its lifetime high, on reporting 33% year-on-year (yoy) jump in consolidated net profit at Rs 280 crore for the quarter ended June 2012, on back of healthy sales and higher other income. Net sales grew 44% at Rs 2,219 crore on y-o-y basis.

“Earnings before interest, tax, depreciation and amortization (EBITDA) grew by 63% to Rs 481 crore during Q1 FY13, up from Rs 296 crore in Q1 FY12, while EBITDA margins improved 250 bps to 21.67% from 19.15% during the quarter under review,” Lupin said in a filing.

Commenting on the results, Dr. Kamal K. Sharma, Managing Director, Lupin said, "We had a robust quarter. Strong operating performance aided by product launches and exceptionally strong growth across US, India, Japan and South Africa have helped us deliver yet another quarter of sustained growth".

A combined 2.07 million shares have changed hands on the counter so far on the NSE and BSE.