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LUPIN Announces Quarterly Results (2QFY21); Net Profit Up 271.3%

LUPIN Announces Quarterly Results (2QFY21); Net Profit Up 271.3%
Fri, 6 Nov

LUPIN has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

LUPIN Quarterly Financials

No. of Mths Qtr. Ending		3 Sep-19*	3 Jun-20*	3 Sep-20*	QoQ Change	YoY Change
Net Sales	Rs m	43,597	35,279	38,350	8.7%	-12.0%
Other income	Rs m	1,333	433	250	-42.3%	-81.3%
Turnover	Rs m	44,929	35,711	38,600	8.1%	-14.1%
Expenses	Rs m	36,286	30,398	32,538	7.0%	-10.3%
Gross profit	Rs m	1,846	4,881	5,812	19.1%	214.9%
Depreciation	Rs m	3,215	2,146	2,127	-0.9%	-33.8%
Interest	Rs m	865	443	336	-24.0%	-61.1%
Profit before tax	Rs m	-901	2,725	3,598	32.1%
Tax	Rs m	343	1,643	1,467	-10.7%	327.7%
Profit after tax	Rs m	-1,244	1,081	2,131	97.0%
Gross profit margin	%	4.2	13.8	15.2
Effective tax rate	%	-38.1	60.3	40.8
Net profit margin	%	-2.8	3.0	5.5

* Results Consolidated
Interim results exclude extraordinary / exceptional items

Source: Company Reports, Regulatory Filings, Equitymaster

Year-on-Year Performance:

The company's operating income during the quarter fell 12.0% on a year-on-year (YoY) basis. The expenses were down by 10.3% YoY during the same period.
The company's operating profit increased by 214.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.2% in 2QFY21 as against 4.2% in 2QFY20.
Depreciation charges declined by 33.8% and finance costs declined by 61.1% YoY, respectively.
Other income declined by 81.3% YoY during the quarter.
Net profit for the quarter increased by 271.3% YoY. Net profit margins during the quarter increased from -2.8% in 2QFY20 to 5.5% in 2QFY21.

Quarter-on-Quarter Performance:

The company's operating income during the quarter grew 8.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.0% QoQ during the same period.
The company's operating profit increased by 19.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.2% in 2QFY21 as against 13.8% in 1QFY20.
Net profit for the quarter increased by 97.0% QoQ, while net profit margins increased from 3.0% in 1QFY20 to 5.5% in 2QFY21.

To see how LUPIN has performed over the last eight quarters,please visit here.

Know More: Which way are the markets & the mutual fund industry headed?

LUPIN Share Price Performance

Over the last one year, LUPIN share price has moved up from Rs 772.2 to Rs 920.7, registering a Gain of Rs 148.6 or around 19.2%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 19,704.0 (down 0.4%). Over the last one year it has moved up from 13,231.2 to 19,704.0, a gain of 6,473 points (up 48.9%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 920.7, the price to book value (P/BV) ratio of LUPIN stands at 3.0 times.

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LUPIN Announces Quarterly Results (1QFY21); Net Profit Down 64.2% (Quarterly Result Update)

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For the quarter ended June 2020, LUPIN has posted a net profit of Rs 1 bn (down 64.2% YoY). Sales on the other hand came in at Rs 35 bn (down 20.2% YoY). Read on for a complete analysis of LUPIN's quarterly results.

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More Views on News

LUPIN SHARE PRICE

BSE: 1,074.25 -0.70% NSE: 1,072.30 -0.89%
Jan 27, 2021 (Close)

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