Lupin net profit up 9%

Drug maker Lupin on Tuesday announced a 9% rise in net profit at Rs. 291 crore for the quarter ended September 2012, against Rs. 267 crore in the year-ago period, on the back of robust sales across the US, Europe, India and Japan.

Drug maker Lupin on Tuesday announced a 9% rise in net profit at Rs. 291 crore for the quarter ended September 2012, against Rs. 267 crore in the year-ago period, on the back of robust sales across the US, Europe, India and Japan.

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During the second quarter, the company’s formulation sales for the US and Europe grew by 40% to Rs. 836 crore against Rs. 598 crore in the corresponding period last fiscal.

The Mumbai-based firm’s India formulations business grew by 18% to Rs. 606 crore during the quarter against Rs. 512 crore in the year-ago period.