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Lupin Ltd: Strong Growth, Record Profits - Quarter III Results, FY 2013-14

Stocks in this article: IN

MUMBAI, India, February 3, 2014 /PRNewswire/ --

Net Sales up 21%; EBITDA up 28%; Net profit up 42%

Declares Interim Dividend of 150 %

Lupin Limited reported its performance for the third quarter ended 31 st December, 2013. These unaudited results were taken on record by the Board of Directors at a meeting in Mumbai today.

  • Net sales grew by 21% to Rs. 29,830 m. during Q3, FY 2013-14, up from Rs. 24,659 m. (Q3, FY 2012-13)
    • 9M ,  FY  2013 -1 4 : YoY growth of 16% to Rs. 80,351 m. from Rs. 69,243 m.
  • EBITDA margin grew by 28% to Rs. 8,057 m. during Q3, FY 2013-14, up from Rs. 6,314 m. (Q3, FY 2012-13)
    • 9M ,  FY 201 3 -1 4 : YoY growth of 37% to Rs. 22,371 m. from Rs. 16,329 m.
  • Profit before tax grew by 33% to Rs. 7,379 m. during Q3, FY 2013-14, up from Rs. 5,550 m. (Q3, FY 2012-13)
    • 9M ,  FY  2013 -1 4 : YoY growth of 45% to Rs. 20,360 m. from Rs. 14,020 m.
  • Net profit grew by 42% to Rs. 4,761 m. during Q3, FY 2013-14, up from Rs. 3,352 m. (Q3, FY 2012-13)
    • 9M ,  FY 201 3 -1 4 : YoY growth of 42% to Rs. 12,834 m. from Rs. 9,061 m.
  • Board of Directors approve Interim Dividend of 150 %

Commenting on the results,  Nilesh Gupta, Managing Director, Lupin Limited , said "We have had a robust quarter with record profits, driven in particular by strong business growth in the US. Other markets like India are getting back on track also. In addition, our consistent focus on ramping up operational efficiencies has led to higher margins and better profitability."

Unaudited consolidated financial results for the quarter ended December, 2013 (YoY comparison)

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