S Ramesh, CFO of Lupin, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, said that this agreement might bear fruit in five-six quarters. He also stated that Lupin wants a positive development in this particular area.
Lupin has declared its fourth quarter results. Kamal K Sharma, MD, Lupin says, the company’s endeavour would be to grow around 25% year-on-year (YoY) on organic basis, unless it makes some inorganic moves that could be additive. “Our attempt has always been to improve on EBITDA margins by atleast 75 bps,” he adds.
In an interview with CNBC-TV18,Vinod Dhawan, president- business development of Lupin said, "All our personnel are fine and the facilities are working normally so there isn't much impact in this area."
Drug firm Lupin is optimistic about performing well in the next fiscal says S Ramesh, chief financial officer of the company. The company aims to maintain 20% growth rate in the next year as well.
Kamal Sharma, Managing Director of Lupin, started four decades ago almost as a stockiest and C&F agent. Today, his company is one of India’s largest drug manufacturers and the 5th largest generic drug manufacturer in the world.