Lupin net dips

Lupin Ltd on Thursday said its consolidated net profit declined by 29.5 per cent to Rs 161.2 crore for the fourth quarter ended March 31, compared to Rs 228.8 crore in the same period last year, due to higher tax expenses. Total tax expense rose to Rs 134.8 crore, compared to Rs 31.2 crore in the year-ago quarter.