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Lupin Q1 result: Profit jumps 77% to Rs 801 cr on strong performance

Business Standard LogoBusiness Standard7h ago

Lupin Q1 result: Profit jumps 77% to Rs 801 cr on strong performance - Business Standard

Quick Summary:

On a sequential basis, the company exhibited a significant 122.9 per cent increase in PAT, with revenue also increasing by 12.

As of June 30, 2024, the company reported an operating working capital of Rs 6,168.6 crore and a capital expenditure of Rs 111.7 crore for the quarter.

Lupin now offers 161 generic products in the US and maintains its position as the 3rd largest pharmaceutical player in both the US generics market and the total US market by prescriptions (IQVIA Qtr.June 2024).


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 07:53:57 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 747 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21963944

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 255 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publisher ID: #49

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