Lupin Q3 profit up 21 pct, beats estimate

Helped by higher sales of its diabetes products in the United States

Bs_logoLupin Pharma
Reuters Mumbai
Last Updated : Feb 09 2017 | 3:08 PM IST

Lupin Ltd, India's third-largest drugmaker by sales, reported a 21% jump in its quarterly profit, beating analysts' estimates, helped by higher sales of its diabetes products in the United States.

Net profit for the third quarter rose to Rs 6.33 billion ($94.44 million) from Rs 5.25 billion a year ago. Analysts on average expected a profit of Rs 6.29 billion, according to Thomson Reuters.

($1 = Rs 67.0250)

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First Published: Feb 09 2017 | 2:51 PM IST