Lupin Q3 net up 80%

Lupin reports a 80.36 per cent rise in net profit at Rs 44.19 crore for the quarter ended December 31, 2005.

Lupin Ltd on Monday reported a 80.36 per cent rise in net profit at Rs 44.19 crore for the quarter ended December 31, 2005 as compared to Rs 24.50 crore for the same quarter in previous quarter.

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Total income (net of excise) has increased 49.35 per cent to Rs 436.51 crore for the third quarter in current fiscal from Rs 292.26 crore in the year-ago period, the pharma company informed the Bombay Stock Exchange.

The board has also approved investment of Rs 26 crore for setting-up of a greenfield finished dosage facility at Jammu.