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Lupin reports Rs 438.25 crore net profit in Q3
New Delhi: Pharma major Lupin has reported a consolidated net profit of Rs 438.25 crore for the quarter ended December 31, 2020.
The company had posted a net loss of Rs 835 crore for the corresponding period of the previous fiscal, Lupin said in a late night filing to the BSE.
Consolidated revenue from operations of the company stood at Rs 3,917.30 crore for the quarter under consideration. It was at Rs 3,716.09 crore for the same period a year ago, it added.
Read also: Alembic Pharma Net profit rises 25 percent to Rs 293 crore in Q3
"We continue our trajectory of improved profitability and sustainable business growth. All our major businesses delivered robust growth amidst pandemic-related challenges and a weak flu season, reflecting the resilience of our business", Lupin Ltd MD Nilesh Gupta said.
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751