lupin on Wednesday reported 35.5 per cent rise in consolidated net profit at Rs 553 crore for the fourth quarter ended March 31, 2013-14, on the back of robust sales in various markets including the US, Europe and South Africa.
The company had posted net profit of Rs 408.08 crore in the January-March quarter of the 2012-13 fiscal. Net sales of the company rose to Rs 3,051.55 crore in Q4, 2013-14, from Rs 2,537.35 crore in the year-ago period, lupin ltd said in a statement.
For the entire 2013-14, it posted consolidated net profit of Rs 1,836.37 crore, up 39.7 per cent, as compared to Rs 1,314.16 crore in the 2012-13 fiscal. lupin's consolidated net sales last fiscal rose to Rs 11,086.64 crore, from Rs 9,461.63 crore in 2012-13.
"We have had another remarkable year fuelled by strong growth in key markets like the US, Europe, South Africa and in our API business," lupin ltd Managing Director, Nilesh Gupta said. Importantly, the company was able to improve operational efficiencies substantially, he added.