Lupin posts 49% jump in Q1 net profit on the back of strong US sales

Pharma major Lupin posted a 49.5 per cent year on year (YoY) jump in its net profits for the first quarter of FY20 on the back of a 15.4 per cent rise in sales. The company’s stock reacted positively to the first quarter results, up 4.1 per cent at day’s close on the BSE at Rs 781.75 a piece. 

The company posted sales of Rs 4,355.8 crore in Q1FY20, which was up marginally from the previous quarter, but on a YoY basis it was 15.4 per cent growth. The earnings before interest, tax, depreciation and amortization (Ebitda) for the quarter