InvestorQ : How do you see the Lupin stock after its latest quarter loss reported by the company?
Lavanya Subramanian made post

How do you see the Lupin stock after its latest quarter loss reported by the company?

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ishika Banerjee answered.
2 years ago
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Lupin disappointed the street with losses widening to Rs.835 crore for the Dec-19 quarter. This was largely driven by a tripling of total expenses to Rs.767 crore for the Dec-19 quarter on a YOY basis. The sales dropped by 2.8% for the December quarter. The company also took an impairment hit on account of the changes in the pipeline value of the Gavis portfolio. However, the company needs to show some robust growth in numbers and also needs to demonstrate that the problems with the FDA of the US are coming to an end. It is worth considering the stock for investment only after that.

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