Lupin reports net loss of Rs 127 crore in Q2FY20

06 Nov 2019 Evaluate

Lupin has reported results for second quarter ended September 30, 2019. 

The company has reported fall of 67.56% in its net profit at Rs 137.80 crore for the quarter under review as compared to Rs 424.75 crore for the same quarter in the previous year. However, total income of the company increased by 3.36% at Rs 3,013.35 crore for Q2FY20 as compared Rs 2,915.37 crore for the corresponding quarter previous year. 

On the consolidated basis, the company has reported net loss of Rs 127.07 crore for the quarter under review as compared to net profit of Rs 265.98 crore for the same quarter in the previous year. However, total income of the company increased by 7.44% at Rs 4,492.92 crore for Q2FY20 as compared Rs 4,181.74 crore for the corresponding quarter previous year. 

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