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Lupin Q2 results: Net profit falls 22% to ₹1,155 cr, revenue at ₹7,827 cr

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Core Development: Lupin Q2 results: Net profit falls 22% to ₹1,155 cr, revenue at ₹7,827 cr
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Market & Financial Impact: The company had posted a net profit of ₹1,484.83 crore in the corresponding period of the previous fiscal year, it said in a regulatory filing to the exchanges
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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

Revenue from operations was ₹7,827.26 crore during the quarter under review, up from ₹7,047.51 crore in the year-ago period, it said

Homegrown pharma major Lupin on Wednesday posted a 22.19 per cent decline in consolidated net profit to ₹1,155.30 crore in the September quarter, dragged down by an exceptional item.

The company had posted a net profit of ₹1,484.83 crore in the corresponding period of the previous fiscal year, it said in a regulatory filing to the exchanges.

Revenue from operations was ₹7,827.26 crore during the quarter under review, up from ₹7,047.51 crore in the year-ago period, it said.

Lupin's total expenses also rose to ₹6,374.46 crore during the quarter from ₹5,130.54 crore in the same period last year.

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Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Business Standard ↗
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