Lupin quarterly results and financials

Lupin (LUPIN)₹2,025+1.40%(9 Nov 2026 close)Pharmaceuticals

Key facts

In the Jun 2026 quarter (consolidated), Lupin reported sales of ₹8,288 Cr, up 32.1% from Jun 2025, and net profit of ₹1,416 Cr, up 16.2% year on year. For the year to Mar 2026, sales were ₹28,016 Cr and net profit ₹5,347 Cr.

Sales (Jun 2026): ₹8,288 Cr
Net profit (Jun 2026): ₹1,416 Cr
Sales (FY Mar 2026): ₹28,016 Cr
Net profit (FY Mar 2026): ₹5,347 Cr
EPS (Jun 2026): ₹31.01
Borrowings (Mar 2026): ₹6,634 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Lupin quarterly results

₹ crore unless stated; each column is a quarter.

Lupin Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	5,051	5,205	4,965	5,607	5,679	5,778	5,671	6,275	7,063	7,180	7,490	8,288
Expenses	4,117	4,158	3,959	4,355	4,331	4,408	4,344	4,537	4,705	4,904	4,984	5,820
Operating Profit	919	1,039	998	1,242	1,341	1,358	1,322	1,729	2,344	2,263	2,489	2,452
OPM %	18.0%	20.0%	20.0%	22.0%	24.0%	24.0%	23.0%	28.0%	33.0%	32.0%	33.0%	30.0%
Other Income	39.86	28.88	28.87	67.78	41.88	53.83	56.82	78.66	89.73	−311	8.97	129
Interest	80.79	73.78	70.79	67.81	70.79	66.83	88.71	91.80	108	115	120	110
Depreciation	247	256	455	247	256	270	391	298	316	312	445	451
Profit before tax	631	736	498	993	1,056	1,071	896	1,416	2,007	1,522	1,927	2,017
Tax %	21.0%	16.0%	26.0%	19.0%	19.0%	20.1%	13.1%	14.0%	26.1%	22.0%	24.0%	30.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−332	−97.38	0.00
Net Profit	494	618	367	804	858	857	781	1,219	1,483	1,179	1,467	1,416
EPS (Rs)	10.77	13.48	7.90	17.59	18.72	18.77	16.93	26.73	32.40	25.77	31.96	31.01

Lupin profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Lupin Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	14,267	17,391	15,824	14,698	15,401	15,180	16,441	16,681	20,026	22,726	28,016	30,022
Expenses	10,563	12,850	12,641	12,106	13,005	12,591	16,177	14,903	16,189	17,420	19,778	20,412
Operating Profit	3,697	4,509	3,153	2,564	2,356	2,570	219	1,722	3,804	5,281	8,170	9,548
OPM %	26.0%	26.0%	20.0%	17.0%	15.0%	17.0%	1.3%	10.0%	19.0%	23.0%	29.0%	31.8%
Other Income	183	106	−1,306	90.66	−134	138	209	150	130	201	521	−82.79
Interest	58.86	153	203	301	362	141	143	273	311	294	433	452
Depreciation	485	909	1,082	843	966	884	1,654	877	1,193	1,164	1,371	1,525
Profit before tax	3,328	3,545	548	1,503	888	1,677	−1,373	717	2,421	4,016	6,870	7,473
Tax %	32.0%	28.1%	53.0%	59.0%	130.0%	27.0%	10.0%	38.1%	20.0%	18.1%	22.0%	—
Exceptional items	7.03	−6.03	−30.13	−123	202	39.12	33.12	20.09	23.07	57.26	−356	−430
Net Profit	2,266	2,562	258	614	−270	1,227	−1,527	447	1,932	3,303	5,347	5,545
EPS (Rs)	50.21	56.68	5.57	13.41	−5.96	26.85	−33.68	9.46	42.08	71.94	116.72	121.14
Dividend payout %	15.1%	13.0%	90.1%	37.0%	−101.0%	24.1%	−11.9%	42.1%	19.0%	17.1%	15.1%	—

Lupin balance sheet

₹ crore, at each year end.

Lupin Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	89.84	89.84	89.82	89.84	89.84	90.85	90.84	90.86	90.79	90.88	90.89	90.83
Reserves	8,805	11,091	13,420	13,511	13,674	12,472	13,745	12,087	12,396	14,230	17,151	22,406
Borrowings	539	7,194	7,973	7,159	8,513	6,322	4,800	4,171	4,556	2,930	5,469	6,634
Other Liabilities	3,625	3,938	4,726	5,275	5,397	5,939	4,821	5,330	5,780	6,512	6,308	9,038
Total Liabilities	13,060	22,313	26,209	26,035	27,674	24,824	23,457	21,680	22,821	23,764	29,019	38,169
Fixed Assets	4,359	8,697	11,002	10,335	11,052	7,911	7,866	7,368	8,337	8,849	9,700	10,958
CWIP	577	2,709	2,137	2,601	1,644	941	1,069	1,148	1,239	774	518	1,017
Investments	1,654	15.96	2,133	262	2,290	2,369	2,450	899	516	1,073	1,144	3,663
Other Assets	6,469	10,890	10,937	12,837	12,688	13,602	12,072	12,266	12,729	13,069	17,657	22,531
Inventories	2,505	3,276	3,643	3,666	3,839	3,459	4,096	4,634	4,494	4,957	5,477	6,089
Trade receivables	2,666	4,563	4,322	5,207	5,167	5,465	4,487	4,279	4,494	4,709	5,516	6,632
Cash & equivalents	480	820	697	1,406	985	2,449	1,738	1,096	1,289	1,200	3,133	5,639
Total Assets	13,060	22,313	26,209	26,035	27,674	24,824	23,457	21,680	22,821	23,764	29,019	38,169

Lupin cash flow

₹ crore, for each year.

Lupin Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	2,742	−384	4,127	1,756	1,671	1,474	1,829	368	1,903	3,658	3,009	7,355
Cash from investing activity	−1,036	−6,781	−2,531	471	−3,290	1,110	−1,243	1,295	−1,291	−1,715	−4,180	−3,876
Cash from financing activity	−197	5,849	434	−1,495	745	−892	−1,889	−1,576	−338	−2,187	1,736	−847
Net cash flow	1,501	−1,315	2,018	729	−872	1,685	−1,302	87.03	273	−248	559	2,622
Capex	873	5,839	2,645	1,556	988	675	679	908	1,503	932	1,686	2,059
Free cash flow	1,866	−6,163	1,512	261	706	798	1,150	−531	436	2,731	1,348	5,524
CFO / OP %	101.0%	21.0%	117.0%	73.0%	102.0%	84.0%	99.0%	146.0%	124.0%	105.0%	74.0%	105.0%

Lupin ratios

Working-capital days and returns, by year.

Lupin Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	76	116	91	120	128	129	108	95	98	86	88	86
Inventory days	220	276	266	253	283	232	279	261	242	272	292	303
Days payable	173	169	190	179	185	163	138	130	137	164	159	209
Cash conversion cycle	124	225	167	195	227	199	249	227	204	195	223	181
Working capital days	56	102	63	126	115	33	34	45	32	53	58	28
ROCE %	40.0%	23.9%	18.9%	9.9%	9.9%	8.9%	9.0%	−7.0%	6.0%	16.0%	20.9%	29.9%

Lupin: frequently asked questions

What are the latest quarterly results of Lupin?

For the Jun 2026 quarter, Lupin reported sales of ₹8,288 Cr, up 32.1% year on year and net profit of ₹1,416 Cr, up 16.2% year on year. The operating margin was 30.0%.

What is the annual revenue of Lupin?

Lupin's sales for the year to Mar 2026 were ₹28,016 Cr; over the last twelve months they were ₹30,022 Cr.

What is the net profit of Lupin?

Net profit for the year to Mar 2026 was ₹5,347 Cr, and ₹5,545 Cr over the last twelve months. Earnings per share over the same trailing period were ₹121.14.

How much debt does Lupin have?

Lupin reported borrowings of ₹6,634 Cr at Mar 2026, against cash and equivalents of ₹5,639 Cr.

What is the free cash flow of Lupin?

Cash from operations was ₹7,355 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5,524 Cr.

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