Wednesday, 13 May 2015

Lupin plunges 3%, misses street estimates on Q4 earnings

The company’s Q4 standalone net profit declined by 28.7 percent to Rs. 407 crore as against Rs. 571.17 crore in the corresponding quarter a year ago.


Lupin reversed gains in late trades and plunged 3.5 percent to Rs. 1,687.
The company’s Q4 standalone net profit declined by 28.7 percent to Rs. 407 crore as against Rs. 571.17 crore in the corresponding quarter a year ago. 
Total income too was down 11.1 percent at Rs. 2,198 crore from Rs. 2,472 crore.

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