November 5, 2020 12:03:31 pm
Drug agency Lupin has reported a consolidated web revenue of Rs 211.02 crore for the quarter ended September 30, 2020 primarily on account of strong gross sales within the US market.
The corporate had posted a web lack of Rs 127.07 crore for the corresponding interval of the earlier fiscal, Lupin mentioned in a late night time regulatory submitting on Wednesday.
Consolidated complete income from operations of the corporate stood at Rs 3,835 crore for the quarter into consideration. It was Rs 3,822.21 crore for a similar interval a 12 months in the past, it added.
“We’re more than happy with the sturdy restoration of our enterprise in the course of the quarter, demonstrated by sequential development throughout all our geographies, specifically US and India,” Lupin Ltd MD Nilesh Gupta mentioned.
This quarter marks the beginning of monetisation of Lupin’s complicated generic pipeline with the launch of Etanercept biosimilar in Europe and generic Albuterol within the US, he added.
“We count on to maintain the momentum on margin enchancment led by optimisation efforts underway and sturdy development in our key companies,” Gupta mentioned.
Lupin’s North America gross sales for Q2 FY2021 had been at Rs 1,398.4 crore in comparison with gross sales of Rs 1,324.4 crore throughout Q2 FY2020, accounting for 37 per cent of the corporate’s world gross sales, the submitting mentioned.
The corporate’s India formulation gross sales for Q2 FY2021 had been at Rs 1,332.3 crore, in comparison with gross sales of Rs 1,341.9 crore throughout Q2 FY2020; accounting for 35 per cent of Lupin’s world gross sales, it added.
Shares of Lupin Ltd had been buying and selling at Rs 926.70 per scrip on BSE, down 1.86 per cent from its earlier shut.
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