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Lupin has declared its second quarter numbers. Its consolidated net profit has jumped by 46% to Rs 75.6 crore for the quarter ended September 2007 as against Rs 51.8 crore. Net sales increased by 39.6% to Rs 675.6 crore from Rs 483.9 crore.
Consolidated operating profit stood at Rs 131.4 crore versus Rs 71.5 crore. Operating profit margin improved to 19.4% from 14%.
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Standalone net profit surged by 102% to Rs 118.08 crore from Rs 58.3 crore and net sales by 45% to Rs 714 crore from Rs 491.07 crore.
Standalone operating profit rose to Rs 141.2 crore from Rs 78.7 crore and operating profit margin improved to 19.7% from 16%.
Highlights
- Lupin standalone numbers are bigger than consolidated number, because of inventory buildup for preparation of new launches to US in the winter season.
- Driven by US market sales, finished dosage export revenue up 99%
- API revenues up 20%
- Domestic finished dosage revenues up 22% - EBITDA up 41% at Rs 1,314 million
- Cefdinir market share at 14%, Price erosion not seen at the moment
| Result (Rs cr) | Sep-07 | Jun-07 | Mar-06 | Dec-06 | Sep-06 |
| Net Sales / Interest Earned / Operating Income | 714.32 | 601.75 | 518.06 | 492.94 | 491.07 |
| Other Income | 17.61 | 15.14 | 128.34 | 18.26 | 21.02 |
| Total Income | 731.93 | 616.89 | 646.40 | 511.20 | 512.09 |
| Expenditure | -559.13 | -497.67 | -443.10 | -417.41 | -412.30 |
| Operating Profit | 172.80 | 119.22 | 203.30 | 93.79 | 99.79 |
| Interest | -8.00 | -8.90 | -9.81 | -8.87 | -9.31 |
| Profit Before Depreciation and Tax | 164.80 | 110.32 | 193.49 | 84.92 | 90.48 |
| Depreciation | -13.89 | -12.69 | -12.52 | -12.07 | -11.23 |
| Profit before Tax | 150.91 | 97.63 | 180.97 | 72.85 | 79.25 |
| Tax | -32.83 | -19.25 | -43.89 | -16.82 | -20.95 |
| Net Profit | 118.08 | 78.38 | 137.08 | 56.03 | 58.30 |
| Equity Capital | 82 | 82 | 80 | 80 | 80 |
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