Lupin Q2 net zooms 158%, to raise $100mn via FCCBs

Lupin today reported a 158.38% increase in net profit at Rs 45.19 crore for the second quarter ended September 30, 2005 as against Rs 17.49 crore in the quarter ended September 30, 2004.

According to a release issued by the company to the BSE today, total income increased to Rs 414.01 crore in Q2FY06 from Rs 303.19 crore in Q2FY05.

The board also approved a proposal to raise up to $100 million by issuing foreign currency convertible bonds.