Lupin Q1 profit falls 43% to Rs 203 cr
Wednesday - August 8, 2018 10:04 pm ,
Category : BUSINESS
Mumbai Aug 8 (IANS) Pharma major Lupin Limited on Wednesday reported a 43.4 per cent fall in its consolidated net profit at Rs 202.8 crore for the quarter ended June 30.
The consolidated net profit in the April-June quarter of last fiscal was Rs 358.1 crore the company said in a statement.
Total sales slipped to Rs 3 774.6 crore in the first quarter this fiscal from Rs 3 806.8 crore in the corresponding quarter of previous fiscal.
"The first quarter of FY2019 has been subdued primarily on account of the US and Japan " Lupin Limited Managing Director Nilesh Gupta said.
Lupin s North America sales which account for 31 per cent of its global sales fell 26 per cent year-on-year to Rs 1 185.8 crore for the June quarter from Rs 1 601.8 crore in the year-ago quarter.
Lupin s Japan sales fell more than five per cent year-on-year to JPY 8 129 million in the April-June quarter this year the statement said.
--IANS mgu/qd/sed
The consolidated net profit in the April-June quarter of last fiscal was Rs 358.1 crore the company said in a statement.
Total sales slipped to Rs 3 774.6 crore in the first quarter this fiscal from Rs 3 806.8 crore in the corresponding quarter of previous fiscal.
"The first quarter of FY2019 has been subdued primarily on account of the US and Japan " Lupin Limited Managing Director Nilesh Gupta said.
Lupin s North America sales which account for 31 per cent of its global sales fell 26 per cent year-on-year to Rs 1 185.8 crore for the June quarter from Rs 1 601.8 crore in the year-ago quarter.
Lupin s Japan sales fell more than five per cent year-on-year to JPY 8 129 million in the April-June quarter this year the statement said.
--IANS mgu/qd/sed
