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( 17/05/2018 17:15)
Lupin Q4 net profit down 46.73% at Rs 292.46 cr

The company reported standalone net profit of Rs 292.46 crore for the quarter ended March 31, 2018 as compared to Rs 549.05 crore in the same period last year, registering a year-on-year decline of 46.73 per cent.

Net revenue of the company declined moderately by 14.47 per cent at Rs 2,425.94 crore in January-March quarter of this fiscal as against Rs 2,836.37 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 10.37 per cent to Rs 2,023.15 crore from Rs 2,257.31 crore in year ago period.

Other Income grew by 35.48 per cent at Rs 53.23 crore versus (Mar'17 Rs 39.29 crore).

Operating Profit slipped by 32.08 per cent to Rs 454.45 crore as against Rs 669.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.60 per cent in March quarter.

Interest grew by 23.59 per cent y-o-y to Rs 9.64 crore, while Taxation increased by 126.30 per cent at Rs 105.41 crore (Mar'17 Rs 46.58 crore).

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