The company, which had reported a net profit of Rs 380.21 crore for the same period of 2016-17, said the company's results were also impacted by other liabilities related to the US operations.
Total revenue from operations stood at Rs 4,033.83 crore in the quarter, as against Rs 4,253.30 crore in the year-ago period, Lupin said in a regulatory filing.
For the entire 2017-18, the company posted a net profit of Rs 251.26 crore, down 90.17 per cent from Rs 2,557.46 crore in the previous year.
Total revenue from operations declined to Rs 16,804.15 crore, as compared with Rs 17,494.33 crore in 2016-17.
The Mumbai-based company said during the reported quarter, it made impairment provision of Rs 1,464.4 crore on certain intangible assets acquired as part of the Gavis group acquisition (Gavis).
Lupin had acquired US-based Gavis in July 2015 for USD 880 million to enhance the company's scale in the US generic market and also broaden its pipeline in dermatology, controlled substance products and other high-value and niche generics.
Besides, the net profit also includes negative impact of Rs 76.6 crore for 2017-18 on account of re-measurement of deferred tax assets / liabilities pertaining to US operations based on enactment of the new tax regime in the US, Lupin said.
The company's near-term priorities are resolution of the warning letter on Goa and Indore units, successful commercialisation of Solosec in the US and executing on meaningful product launches, he added.
During 2017-18, the company's North America sales declined 28.7 per cent to Rs 5,893.9 crore as compared with Rs 8,262.7 crore in 2016-17. Lupin's domestic sales during the year however increased 10.7 per cent to Rs 4,125.3 crore as compared with 2016-17.
Its global active pharmaceutical ingredient (API) business declined 1.6 per cent to Rs 1,093.1 crore as compared with 2016-17, accounting for 7 per cent of company's global sales.
The company's board today recommended a dividend of Rs 5 per equity share of face value of Rs 2 each aggregating to Rs 226.05 crore.
Lupin shares today ended 0.46 per cent down at Rs 750.85 per scrip on BSE.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)