Shares of Lupin declined 2.06% to Rs 1,889.40 in Friday's session, with trading commencing at 09:15 am on the NSE. The stock is among the top losers on the Nifty Midcap 150.
Regarding Lupin's consolidated quarterly financial performance, the revenue for the quarter-ending March 2025 stood at Rs 5,667.13 Crore. This represents a decrease compared to the quarter-ending December 2024, where the revenue was Rs 5,767.71 Crore. The net profit for the quarter-ending March 2025 was Rs 782.38 Crore, and the earnings per share (EPS) was Rs 16.93.
A detailed look at Lupin's consolidated quarterly financials:
| Heading | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 5,197.41 Crore | Rs 5,600.33 Crore | Rs 5,672.73 Crore | Rs 5,767.71 Crore | Rs 5,667.13 Crore |
| Net Profit | Rs 618.70 Crore | Rs 805.54 Crore | Rs 859.48 Crore | Rs 858.86 Crore | Rs 782.38 Crore |
| EPS | 13.47 | 17.58 | 18.70 | 18.75 | 16.93 |
The company's consolidated yearly financial performance shows a positive growth trend. Revenue for the year-ending March 2025 reached Rs 22,707.90 Crore, an increase compared to Rs 20,010.82 Crore for the year-ending March 2024. The net profit for the year-ending March 2025 stood at Rs 3,306.26 Crore, significantly higher than the Rs 1,935.57 Crore reported for the year-ending March 2024. The EPS for March 2025 was Rs 71.95, compared to Rs 42.05 for March 2024.
Summary of Lupin's consolidated yearly financials:
| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 15,162.96 Crore | Rs 16,405.48 Crore | Rs 16,641.66 Crore | Rs 20,010.82 Crore | Rs 22,707.90 Crore |
| Net Profit | Rs 1,226.60 Crore | -Rs 1,509.72 Crore | Rs 447.69 Crore | Rs 1,935.57 Crore | Rs 3,306.26 Crore |
| EPS | 26.84 | -33.65 | 9.46 | 42.05 | 71.95 |
| BVPS | 305.45 | 268.91 | 275.67 | 315.41 | 376.77 |
| ROE | 8.81 | -12.57 | 3.45 | 13.39 | 19.07 |
| Debt to Equity | 0.22 | 0.32 | 0.34 | 0.19 | 0.30 |
Lupin's standalone annual income statement reveals sales of Rs 16,967 Crore for March 2025, a notable increase from Rs 14,666 Crore for March 2024. This represents a growth of approximately 15.69%. The net profit for the same period stood at Rs 3,972 Crore, compared to Rs 2,326 Crore for March 2024, highlighting a substantial increase in profitability. The total income for March 2025 was Rs 17,141 Crore.
Key figures from Lupin's standalone annual income statement:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Sales | Rs 11,055 Crore | Rs 11,771 Crore | Rs 11,258 Crore | Rs 14,666 Crore | Rs 16,967 Crore |
| Other Income | Rs 129 Crore | Rs 150 Crore | Rs 91 Crore | Rs 106 Crore | Rs 174 Crore |
| Total Income | Rs 11,185 Crore | Rs 11,922 Crore | Rs 11,350 Crore | Rs 14,773 Crore | Rs 17,141 Crore |
| Total Expenditure | Rs 9,514 Crore | Rs 12,010 Crore | Rs 10,724 Crore | Rs 11,932 Crore | Rs 12,219 Crore |
| EBIT | Rs 1,670 Crore | -Rs 88 Crore | Rs 625 Crore | Rs 2,841 Crore | Rs 4,921 Crore |
| Interest | Rs 40 Crore | Rs 73 Crore | Rs 98 Crore | Rs 56 Crore | Rs 84 Crore |
| Tax | Rs 371 Crore | Rs 27 Crore | Rs 101 Crore | Rs 458 Crore | Rs 864 Crore |
| Net Profit | Rs 1,258 Crore | -Rs 188 Crore | Rs 425 Crore | Rs 2,326 Crore | Rs 3,972 Crore |
Lupin's standalone quarterly income statement indicates sales of Rs 4,485 Crore for March 2025, compared to Rs 3,395 Crore for March 2024. This represents a significant increase of approximately 32.11%. The net profit for the same period stood at Rs 1,291 Crore, substantially higher than the Rs 384 Crore reported in March 2024. The total income for March 2025 was Rs 4,534 Crore.
Summary of Lupin's standalone quarterly financials:
| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Sales | Rs 3,395 Crore | Rs 4,167 Crore | Rs 4,106 Crore | Rs 4,208 Crore | Rs 4,485 Crore |
| Other Income | Rs 31 Crore | Rs 38 Crore | Rs 32 Crore | Rs 55 Crore | Rs 48 Crore |
| Total Income | Rs 3,427 Crore | Rs 4,205 Crore | Rs 4,138 Crore | Rs 4,263 Crore | Rs 4,534 Crore |
| Total Expenditure | Rs 2,985 Crore | Rs 3,109 Crore | Rs 3,137 Crore | Rs 3,026 Crore | Rs 2,947 Crore |
| EBIT | Rs 441 Crore | Rs 1,096 Crore | Rs 1,001 Crore | Rs 1,236 Crore | Rs 1,586 Crore |
| Interest | Rs 13 Crore | Rs 13 Crore | Rs 17 Crore | Rs 19 Crore | Rs 33 Crore |
| Tax | Rs 44 Crore | Rs 193 Crore | Rs 176 Crore | Rs 232 Crore | Rs 261 Crore |
| Net Profit | Rs 384 Crore | Rs 889 Crore | Rs 807 Crore | Rs 984 Crore | Rs 1,291 Crore |
The cash flow statement indicates a net cash flow of Rs 218 Crore for March 2025, compared to Rs -990 Crore in March 2021. Cash flow from operating activities was Rs 2,444 Crore, while cash flow from investing activities was Rs -1,766 Crore.
Key highlights from the cash flow statement:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Operating Activities | Rs 1,570 Crore | Rs 151 Crore | Rs 1,793 Crore | Rs 2,504 Crore | Rs 2,444 Crore |
| Investing Activities | -Rs 2,507 Crore | -Rs 371 Crore | -Rs 1,269 Crore | -Rs 1,599 Crore | -Rs 1,766 Crore |
| Financing Activities | -Rs 53 Crore | Rs 102 Crore | -Rs 498 Crore | -Rs 867 Crore | -Rs 460 Crore |
| Others | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore | Rs 0 Crore |
| Net Cash Flow | -Rs 990 Crore | -Rs 118 Crore | Rs 26 Crore | Rs 38 Crore | Rs 218 Crore |
The balance sheet for March 2025 shows total assets of Rs 28,431 Crore, with fixed assets at Rs 5,224 Crore and current assets at Rs 11,894 Crore. Total liabilities amounted to Rs 28,431 Crore, with share capital at Rs 91 Crore and reserves & surplus at Rs 24,186 Crore.
Key figures from the balance sheet:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Share Capital | Rs 90 Crore | Rs 90 Crore | Rs 91 Crore | Rs 91 Crore | Rs 91 Crore |
| Reserves & Surplus | Rs 18,285 Crore | Rs 17,897 Crore | Rs 18,172 Crore | Rs 20,398 Crore | Rs 24,186 Crore |
| Current Liabilities | Rs 2,585 Crore | Rs 3,537 Crore | Rs 3,627 Crore | Rs 3,693 Crore | Rs 3,299 Crore |
| Other Liabilities | Rs 896 Crore | Rs 786 Crore | Rs 792 Crore | Rs 738 Crore | Rs 854 Crore |
| Total Liabilities | Rs 21,858 Crore | Rs 22,313 Crore | Rs 22,683 Crore | Rs 24,922 Crore | Rs 28,431 Crore |
| Fixed Assets | Rs 4,589 Crore | Rs 4,637 Crore | Rs 4,948 Crore | Rs 4,559 Crore | Rs 5,224 Crore |
| Current Assets | Rs 9,617 Crore | Rs 8,437 Crore | Rs 7,570 Crore | Rs 9,287 Crore | Rs 11,894 Crore |
| Other Assets | Rs 7,651 Crore | Rs 9,237 Crore | Rs 10,164 Crore | Rs 11,075 Crore | Rs 11,313 Crore |
| Total Assets | Rs 21,858 Crore | Rs 22,313 Crore | Rs 22,683 Crore | Rs 24,922 Crore | Rs 28,431 Crore |
| Contingent Liabilities | Rs 5,051 Crore | Rs 4,058 Crore | Rs 4,214 Crore | Rs 3,837 Crore | Rs 3,288 Crore |
Key financial ratios reveal a basic EPS of Rs 87.10 for March 2025, compared to Rs 27.77 in March 2021. The debt-to-equity ratio for March 2025 is 0.00. The P/E ratio stood at 23.28, while the P/B ratio was 3.81.
Key financial ratios:
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 27.77 | -4.16 | 9.35 | 51.10 | 87.10 |
| Diluted Eps (Rs.) | 27.65 | -4.16 | 9.31 | 50.87 | 86.79 |
| Book Value /Share (Rs.) | 409.20 | 399.34 | 404.66 | 452.12 | 531.72 |
| Dividend/Share (Rs.) | 6.50 | 4.00 | 4.00 | 8.00 | 12.00 |
| Face Value | 2 | 2 | 2 | 2 | 2 |
| Gross Profit Margin (%) | 19.65 | 3.61 | 10.42 | 24.31 | 33.27 |
| Operating Margin (%) | 15.10 | -0.74 | 5.55 | 19.37 | 29.46 |
| Net Profit Margin (%) | 11.38 | -1.60 | 3.77 | 15.85 | 23.41 |
| Return on Networth (%) | 6.77 | -1.03 | 2.30 | 11.29 | 16.36 |
| ROCE (%) | 8.66 | -0.46 | 3.28 | 13.38 | 19.89 |
| Return On Assets (%) | 5.75 | -0.84 | 1.87 | 9.33 | 13.97 |
| Current Ratio (X) | 3.72 | 2.38 | 2.09 | 2.51 | 3.60 |
| Quick Ratio (X) | 2.67 | 1.49 | 1.25 | 1.71 | 2.63 |
| Debt to Equity (x) | 0.02 | 0.04 | 0.03 | 0.00 | 0.00 |
| Interest Coverage Ratios (X) | 41.12 | 5.80 | 11.93 | 63.28 | 66.82 |
| Asset Turnover Ratio (%) | 50.57 | 0.53 | 0.50 | 0.62 | 0.64 |
| Inventory Turnover Ratio (X) | 4.08 | 0.96 | 1.02 | 1.14 | 5.48 |
| 3 Yr CAGR Sales (%) | 4.73 | 1.81 | 1.05 | 15.18 | 20.06 |
| 3 Yr CAGR Net Profit (%) | -3.25 | -64.98 | -23.55 | 35.95 | 358.85 |
| P/E (x) | 36.75 | -179.58 | 69.35 | 31.64 | 23.28 |
| P/B (x) | 2.49 | 1.87 | 1.60 | 3.58 | 3.81 |
| EV/EBITDA (x) | 21.32 | 81.28 | 25.55 | 20.64 | 16.31 |
| P/S (x) | 4.19 | 2.88 | 2.62 | 5.03 | 5.45 |
The company announced a final dividend of Rs 12 per share (600%) on May 14, 2025, effective July 25, 2025. Other corporate actions include analyst/investor meets and press releases regarding US FDA approvals for Liraglutide and Glucagon injectable products.
At 09:25 am on Friday, Lupin is trading at Rs 1,889.40, a decrease of 2.06%.
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