Lupin likely to aquire another company

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Lupin likely to aquire another company

Lupin has declared its first quarter numbers of FY09. It’s consolidated net profit of Rs 112 crore for the quarter ended June 2008 as against Rs 55.9 crore in same quarter of last year.

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Lupin has declared its first quarter numbers of FY09. It's consolidated net profit of Rs 112 crore for the quarter ended June 2008 as against Rs 55.9 crore in same quarter of last year.

Consolidated net sales went up at Rs 862.3 crore from Rs 575.7 crore (YoY).

Key takeaways from Lupin concall:

• The company has invested Rs 160 crore in technology.
• The company has made two acquisitions in Japan and in Baroda. Both acquisitions are made in cash. They are growing well and showing much bigger promise.
• The company is likely to make another acquisition in Japan.
• The growth in this quarter is around 49%.
• API has come down in his quarter,
• Geographically domestic market has contributed around 62% in total turnover.
• The total export was of Rs 570 crore, a growth of 88%.
• Advanced markets contributed Rs 345 crore; growth of 131%.
• The manufacturing expenses have come down in this quarter to 23% from 37%.
• The organic growth was 32%.
• The R&D cost at Rs 41 crore.
• The company has Rs 290 crore for further acquisition.

For further details listen to concall.....