Lupin Ltd.'s consolidated net profit was up 52% in the fourth quarter of financial year 2024, and it missed analysts' estimates.
The company posted a net profit of Rs 368.2 crore in the quarter-ended March, in comparison with Rs 242.3 crore in the year-ago period, according to an exchange filing on Thursday. Analysts tracked by Bloomberg had estimated a profit of Rs 519.7 crore.
Lupin Q4 FY24 Highlights (Consolidated, YoY)
Revenue up 11.97% at Rs 4,960.7 crore vs Rs 4,430.08 crore (Bloomberg estimate: Rs 5,091.8 crore).
Ebitda up 72.51% at Rs 996.76 crore vs Rs 577.77 crore (Bloomberg estimate: Rs 995.6 crore).
Margin at 20.09% vs 13.04% (Bloomberg estimate: 19.60%).
Net profit up 52% at Rs 368 crore vs Rs 242 crore (Bloomberg estimate: Rs 519.7 crore).
Shares of Lupin closed 1.71% higher at Rs 1,683.10 apiece, as compared with a 0.15% decline in the benchmark Nifty 50 on Monday.
Correction: The net profit has been updated in the second paragraph. An earlier version of this report had stated the net profit incorrectly.
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