LUPIN Ltd Q1FY21 consolidated net profit at Rs. 106.9 crore

LUPIN LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.3571.14 crores during the period ended June 30, 2020 as compared to Rs.4054.34 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.106.9 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.389.63 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.35 for the period ended June 30, 2020 as compared to Rs.8.57 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 3571.14 crs	₹ 4054.34 crs	-11.92%
Net Profit	₹ 106.9 crs	₹ 389.63 crs	-72.56%
EPS	₹ 2.35	₹ 8.57	-72.58%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.3571.14 crores during the period ended June 30, 2020 as compared to Rs.3944.28 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.106.9 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.303.05 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.2.35 for the period ended June 30, 2020 as compared to Rs.6.67 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 3571.14 crs	₹ 3944.28 crs	-9.46%
Net Profit	₹ 106.9 crs	₹ 303.05 crs	-64.73%
EPS	₹ 2.35	₹ 6.67	-64.77%

Balance Sheet highlights

- Operating working capital as on June 30, 2020 - INR 49,269 mn
- Capital Expenditure for the quarter - INR 1,793 mn
- Net Debt as on June 30, 2020 - INR 3,491 mn
- Net Debt-Equity Ratio as on June 30, 2020 - 0.03:1, compared to 0.12:1 as on March 31, 2020.

Commenting on the results, Mr. Nilesh Gupta, Managing Director, Lupin Limited said, "The quarter's performance was impacted by the COVID-19 pandemic and related lockdowns, affecting our key businesses in India and US. We continue to focus on business continuity while ensuring employee safety. Despite the challenges impacting revenues, we improved margins driven by tight expense control. We expect to continue the momentum on margin improvement. This is a pivotal year for us to deliver on our key complex generic assets and to sustain the momentum on the compliance front."

Shares of LUPIN LTD. was last trading in BSE at Rs.936.7 as compared to the previous close of Rs. 928. The total number of shares traded during the day was 95632 in over 3879 trades.

The stock hit an intraday high of Rs. 945.45 and intraday low of 925.2. The net turnover during the day was Rs. 89655239.

Source : Equity Bulls

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