Lupin Q3 profit falls 12 percent, meets estimates

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Reuters MUMBAI
Last Updated : Feb 05 2016 | 2:57 PM IST

MUMBAI (Reuters) - Lupin Ltd, India's third-largest drugmaker, reported a 12 percent fall in third-quarter profit that was in line with analysts' expectations.

Net profit for the quarter ended Dec. 31 was 5.30 billion rupees ($78.3 million), down from 6.01 billion rupees a year earlier.

($1 = 67.6900 Indian rupees)

(Reporting by Zeba Siddiqui in Mumbai; Editing by Gopakumar Warrier)

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First Published: Feb 05 2016 | 2:45 PM IST

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