Lupin falls nearly 4% after poor Q3 show

Lupin shares declined nearly 4 per cent on BSE in Thursday's session, a day after it posted a loss of Rs 151.75 crore for the quarter ended December 31, against a profit of Rs 221.73 crore in the corresponding quarter last year.

Earnings before interest, tax, depreciation and amortisation (Ebitda) for the quarter grew 2 per cent to Rs 796 crore (18.2 per cent of sales) compared to Rs 780.3 crore (20.1 per cent of sales) in Q2 FY2019.

US sales jumped 13.50 per cent quarter-on-qurter (QoQ) to Rs 1417.40 crore in Q3FY19. However, the figure declined 1 per cent on yer-on-year (YoY) basis. Sales from India jumped 11.40 per cent YoY to Rs 1190.20 crore, whereas the figure slipped 1.10 per cent on QoQ basis.


Brokerage Credit Suisse has maintained 'Underperform' view on the stock with a target price at Rs 800 per share.

The shares of the company closed 2.40 per cent down at Rs 821.75 on BSE.