Lupin's Q4FY16 consolidated net profit rises 48% yoy to Rs.807.05 crore : Beats Estimates

India Infoline News Service | Mumbai |

The company’s consolidated revenue stood at Rs. 4,181.16 crore, up 35.83% yoy and 17.59% qoq.

Lupin, US-based pharma major, reported consolidated net profit of Rs. 807.05 crore for the quarter ended March 31, 2016, registering growth of 47.54% yoy and 52.35% qoq. The company’s revenue stood at Rs. 4,181.16 crore, up 35.83% yoy and 17.59% qoq.

Its consolidated core operating profit of Rs. 1,367.41 crore for the quarter, clocked growth of 73.22% yoy and 55.89% qoq. Operating profit margin for the current quarter at 32.7% expanded by 706 bps yoy and 803 bps qoq.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 2,270.66 crore, declining by 5.52% yoy. Its consolidated revenue for the period stood at Rs. 14,208.47 crore, registering growth of 11.26% yoy.

Lupin's core operating profit stood at Rs. 3,753.45 crore, recording growth of 3.7% yoy. Operating margin for the current period at 27.74% contracted by 60 bps yoy.

On standalone basis,Lupin Ltd, reported standalone net profit of Rs. 924.93 crore for the quarter ended March 31, 2016, registering growth of 126.87% yoy and 20.68% qoq. The company’s revenue stood at Rs. 3,268.51 crore, up 50.94% yoy and 13.08% qoq.

Its standalone core operating profit of Rs. 1,356.31 crore for the quarter, clocked growth of 153.18% yoy and 26.23% qoq. Operating profit margin for the current quarter at 41.5% expanded by 1676 bps yoy and 433 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 2,885.07 crore, growing by 20.34% yoy. Its standalone revenue for the period stood at Rs. 11,280.07 crore, registering growth of 15.66% yoy.

Lupin Ltd's core operating profit stood at Rs. 4,040.30 crore, recording growth of 19.77% yoy. Operating margin for the current period at 37.09% expanded by 250 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 4181.16 3888 7.54
Consolidated Net Profit 807.05 704 14.64

Bloomberg estimated the company’s consolidated net profit at Rs. 722.19 crore.

Corporate Action: Lupin has recommended dividend at the rate of 375% i.e. Rs. 7.50 per equity share of the face value of Rs. 2/- each for the year ended March 31, 2016, subject to approval of the members at the ensuing Annual General Meeting. The Board Meeting commenced at 11.00 a.m. and concluded at 1.45 p.m.

Stock Commentary:

Lupin Ltd is currently trading at Rs. 1652.1, up by 19.65 points or 1.2% from its previous closing of Rs. 1632.45 on the BSE.

The scrip opened at Rs. 1650 and has touched a high and low of Rs. 1688 and Rs. 1637.45 respectively. So far 2352673(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 73574 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2127 on 06-Oct-2015 and a 52 week low of Rs. 1294.05 on 29-Mar-2016. Last one week high and low of the scrip stood at Rs. 1646 and Rs. 1572.6 respectively.

The promoters holding in the company stood at 46.52 % while Institutions and Non-Institutions held 42.27 % and 11.22 % respectively.

The stock is currently trading below its 200 DMA.


BSE 1,515.80 [7.30] ([0.48]%)

***Note: This is a NSE Chart

 

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