Lupin Q2 Results Live : Lupin declared their Q2 results on November 7, 2024, reporting a robust performance with a topline increase of 12.59% year-over-year, while profit surged by an impressive 74.11%. This marks a significant improvement compared to the same quarter last year.
In comparison to the previous quarter, revenue showed a modest growth of 1.29%, and profit rose by 6.4%, indicating a steady upward trend in the company’s financial performance.
However, the Selling, General & Administrative expenses have risen by 3.76% quarter-on-quarter and 17.06% year-on-year, suggesting increased operational costs that could impact margins in the future.
The operating income also saw an uptick, increasing by 1.22% quarter-on-quarter and a remarkable 55.69% year-on-year, showcasing the company’s ability to enhance profitability significantly over the year.
Earnings per share (EPS) for Q2 stood at ₹18.64, reflecting a substantial increase of 73.86% year-on-year, further demonstrating the company’s strong earnings trajectory.
Despite recent fluctuations, Lupin has delivered a -3.45% return over the last week, yet it boasts a remarkable 33.31% return over the last six months and a striking 59.61% YTD return, indicating strong investor interest and market performance.
Currently, Lupin holds a market capitalization of ₹96,325.56 Crores with a 52-week high of ₹2,312 and a low of ₹1,153.55, showcasing the stock’s volatility and growth potential.
As of November 8, 2024, among the 32 analysts covering Lupin, opinions are mixed: 2 analysts have rated it as Strong Sell, 8 as Sell, 10 as Hold, 6 as Buy, and 6 as Strong Buy, with the consensus recommendation leaning towards a Hold position.
