InvestorQ : Can you tell me about Lupin numbers for the quarter and why has the stock reacted negatively?
Moii Chavate made post

Can you tell me about Lupin numbers for the quarter and why has the stock reacted negatively?

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Tisha Malhotra answered.
3 months ago
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On 11 August, Lupin stock was down 7% on the back of disappointing numbers in the Q1. At Rs.1,035, Lupin is trading at its lower levels since April this year. Profit after tax was up 18% sequentially at Rs.548 crore. Sales were also up 12.7% at Rs.4,237 crore on strong growth traction in the India business. Meanwhile, the US sales were down over 11%. The EBITDA margins was also below expectations at 14% in the Jun-21 quarter.

The market was also concerned about the resolution of warning letters and clearance of Official Action Indicated status on plants.

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