Lupin Q1 FY 2014 net profits at Rs 410 crores; stock tanks

Pharma major Lupin Labs has posted a net profit of Rs. 410.55 crores for the quarter ended June 30, 2013 as compared to Rs357.23 crores for the quarter ended June 30, 2012.

Total Income has increased at the company has increased from Rs 1803.37 crores for the quarter ended June 30, 2012 to Rs. 1983.32 crores for the quarter ended June 30, 2013. The results were much better then expectations.

The stock dropped despite 6 per cent despite a good set of numbers. It was last trading at Rs 833 on the National Stock Exchange.

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