In an interview with CNBC-TV18, CFO S Ramesh spoke to Latha Venkatesh and Sonia Shenoy about a recent acquisition and other developments such as a recent FDA audit at its Indore facility as well as its plans to launch a generic version of the world‘s second-largest-selling drug Nexium in the US.
Net profit increased to a record level of Rs 476.1 crore as against Rs 335.2 crore in same quarter last year while revenue grew 20.8 percent year-on-year to Rs 3,022 crore in the quarter gone by.
Drug maker Lupin today assured shareholders that it has no plans to sell its India business and said the company aims to be a USD 3-billion firm by FY14.