Lupin's Net Profit Lags Estimates In September Quarter

Mumbai: Lupin Ltd, India's third-largest drugmaker by sales, reported a 57.6 percent jump in quarterly profit, but missed analysts' expectations.

The Mumbai-based company, founded by billionaire Desh Bandhu Gupta, said net profit rose to Rs 662 crore ($99.62 million) from Rs 420 crore a year earlier.

That compares with an average estimate of a Rs 716 crore profit drawn from analysts polled by Thomson Reuters I/B/E/S.
 

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