Lupin Q1 net profit at Rs.78.38 Crores, up 54.75% YOY

Lupin Ltd has announced the unaudited financial results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 783.80 million for the quarter ended June 30, 2007 as compared to Rs 506.50 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 4951.60 million for the quarter ended June 30, 2006 to Rs 6168.90 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.9.73 for quarter ending June 30, 2007 compared to Rs.12.62 for quarter ending June 30, 2006.

Earnings per share for the quarter ended June 30, 2006 have been adjusted for the issue of bonus shares in the ratio of 1:1 allotted on August 17, 2006 as per Accounting Standard-20 (AS-20) on ´Earnings Per Share´ and disclosed.

The Companys new finished dosages facility at Jammu started commercial production during the quarter. During the Quarter, 11,66,612 equity share of Rs 10/- each fully paid up were allotted on conversion of Foreign Currency Convertible Bonds in accordance with terms of the issues.

The stock was trading at Rs.705, down by Rs.14.75 or 2.05%. The stock hit an intraday high of Rs.745 and low of Rs.705. The total traded quantity was 345063 compared to 2 week average of 166806.

Source : Equity Bulls

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