Mumbai, May 13:Pharma major, Lupin has reported a rise of 18.12 per cent in its consolidated net profit for the quarter ended March 31,2021 net profit at Rs 460.36 crore for as against net profit of Rs 389.63 crore for the period quarter ended March 31, 2020.
However, total income for the quarter under review fell by 5.12 per cent to Rs 3841.32 crore as compared to Rs 4054.34 crore for the quarter ended March 31, 2020.
For the financial year ended March 31.2021 company has posted net profit of Rs.1216.53 crore for as against net loss of Rs 269.39) crore for the quarter ended March 31, 2020.
The Company has reported total income of Rs.15299.25 crore for the Financial year month ended March 31, 2021 as compared to Rs.15858.52 crores during the year ended March 31, 2020.
Commenting on the results, Mr Nilesh Gupta, Managing Director, Lupin Limited said, “We are happy that the journey to sustain margin improvement continues, despite a challenging environment. On the back of a strong ramp-up of inline products and meaningful new product launches, we are confident of a solid growth trajectory and continued margin expansion. Ensuring the safety of our employees while maintaining business continuity is a key priority at this time.” (UNI)
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