Lupin Q2 profit down 31% at Rs 455 cr, but slightly above consensus

The drugmaker profit came in at Rs 455 cr for the quarter ended Sept 30, compared with Rs 662 cr a year earlier

Indian drugmaker Lupin Ltd on Monday said its second-quarter profit fell about 31%, but the results were slightly above estimates.

The company's profit came in at Rs 455 crore ($70.14 million) for the quarter ended September 30, compared with Rs 662 crore a year earlier.

Analysts on average had expected a profit of Rs 433 crore, according to Thomson Reuters data.

($1 = Rs 64.8700)