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Last Updated : Feb 09, 2017 02:09 PM IST | Source: CNBC-TV18

Lupin Q3 profit seen up 15% to Rs 609cr, US biz may lift revenue

According to average of estimates of analysts polled by CNBC-TV18, operating profit is expected to jump 15.3 percent to Rs 1,011.7 crore but margin may shrink 70 basis points to 24 percent on yearly basis.

 
 
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Drug major Lupin's third quarter profit is seen rising 15 percent year-on-year to Rs 609.5 crore and revenue may increase 19.2 percent to Rs 4,239 crore, driven by US business.


Profit growth could be dented by higher tax rate and interest costs.


According to average of estimates of analysts polled by CNBC-TV18, operating profit is expected to jump 15.3 percent to Rs 1,011.7 crore but margin may shrink 70 basis points to 24 percent on yearly basis.

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US business (which contributed 43 percent to total revenue) is expected grow in the range of 20-40 percent in Q3 against 73 percent YoY at Rs 1,998 crore. The growth is expected to be led by diabetes drugs Glumetza, Fortamet generic and pregnancy drug Methergine and also Gavis. However, sequential US sales are likely to be flattish due to lack of any high value launches and also due to more competition in key drugs Glumetza and Fortamet. US pricing pressure may also be seen.


India business mayo grow 12-14 percent YoY while Japan is likely to post 20 percent growth YoY aided by currency tailwinds, though Japan is facing headwinds such as lower offtake in hospitals and annual price increases against biannual.


Rest of the World is expected to grow 10-12 percent and South Africa by 5-6 percent YoY.

Commentary on US business outlook, new launches, US branded biz (which is USD 20 million in size) will be closely watched.

First Published on Feb 9, 2017 11:20 am
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