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Lupin surges on reporting around 4-fold jump in Q3 consolidated net profit
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Lupin is currently trading at Rs. 1632.75, up by 37.10 points or 2.33% from its previous closing of Rs. 1595.65 on the BSE.
The scrip opened at Rs. 1700.00 and has touched a high and low of Rs. 1701.00 and Rs. 1617.50 respectively. So far 104710 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1701.00 on 08-Feb-2024 and a 52 week low of Rs. 628.10 on 31-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1701.00 and Rs. 1491.05 respectively. The current market cap of the company is Rs. 73757.33 crore.
The promoters holding in the company stood at 47.04%, while Institutions and Non-Institutions held 45.84% and 7.11% respectively.
Lupin has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported over 22-fold jump in its net profit at Rs 916.44 crore for Q3FY24 as compared to Rs 40.4 crore for the same quarter in the previous year. Total income of the company increased by 43.80% at Rs 4,138.91 crore for Q3FY24 as compared Rs 2,878.21 crore for corresponding quarter of the previous year.
On consolidated basis, the company has reported around 4-fold jump in net profit at Rs 618.70 crore for the third quarter ended December 31, 2023 as compared to Rs 157.65 crore for the same quarter in the previous year. Total income of the company increased by 20.43% at Rs 5,226.78 crore for Q3FY24 as compared Rs 4,340.18 crore for corresponding quarter of the previous year.
