Lupin plunges 6% as June quarter profit tanks 60% YoY to Rs 107 crore

EBITDA tood at Rs 531.4 cror for the quarter under review, down 34.7 per cent, from Rs 813.4 crore of Q1FY20, and by 27.6 per from Rs 733.9 crore logged in Q4FY20

Shares of Lupin Ltd plummeted up to 6.2 per cent to Rs 878.15 per share on the BSE on Friday after the pharmaceutical company's net profit for April-June quarter declined 60 per cent on a yearly basis to Rs 106.9 crore. Lupin had posted a profit of Rs 264.7 crore in the corresponding period of the previous year. 

On a quarterly basis, profit tanked 72.6 per cent from Rs 389.6 crore in the March quarter of FY20. That apart, EBITDA (earnings before interest, tax, depreciation and amortisation) stood at Rs 531.4 cror for the quarter under review, down 34.7 per cent,