LUPIN Q2 : CONS NET PROFIT DOWN 22.2% AT ₹1,155 CR (YOY), DOWN 18.5% (QOQ). WEAK (ON 1ST LOOK)

Revenue up 11.1% at ₹7,827 Cr (YOY), down 5.4% (QOQ). Ebitda down 12.7% at ₹2,044 Cr (YOY), down 16.5% (QOQ); margins 26.1% v 33.2% (YOY), 29.6% (QOQ). Caution: H1 includes ₹316 Cr antitrust settlement by US subsidiary; no admission of liability.

Lupin Limited

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