Lupin Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Revenue	247,507	227,079	200,108	166,417	164,055	151,630	Upgrade
Revenue Growth (YoY)	15.49%	13.48%	20.24%	1.44%	8.19%	-1.38%	Upgrade
Cost of Revenue	75,432	73,810	71,116	72,322	69,001	57,445	Upgrade
Gross Profit	172,075	153,269	128,992	94,095	95,054	94,185	Upgrade
Selling, General & Admin	42,896	40,796	35,930	31,845	30,810	29,146	Upgrade
Other Operating Expenses	66,455	60,012	55,349	45,313	43,479	38,667	Upgrade
Operating Expenses	121,336	111,681	101,234	85,571	82,474	76,644	Upgrade
Operating Income	50,739	41,588	27,758	8,524	12,580	17,541	Upgrade
Interest Expense	-3,013	-2,408	-2,503	-2,132	-836.2	-959.5	Upgrade
Interest & Investment Income	1,299	1,299	462.3	324.3	328.1	598.4	Upgrade
Earnings From Equity Investments	-	-	-	-	3.6	13.3	Upgrade
Currency Exchange Gain (Loss)	3,087	57.9	105.1	775.5	684	-909.3	Upgrade
Other Non Operating Income (Expenses)	784	-51.1	156.5	-278.1	375.3	-15.8	Upgrade
EBT Excluding Unusual Items	52,896	40,485	25,979	7,214	13,135	16,268	Upgrade
Merger & Restructuring Charges	16.4	16.4	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	464.6	464.6	244.9	134.8	358.4	530.7	Upgrade
Gain (Loss) on Sale of Assets	2.8	2.8	11.7	209.8	-29.3	9.3	Upgrade
Asset Writedown	-818.9	-818.9	-2,013	-393.8	-8,402	-43.1	Upgrade
Legal Settlements	1,336	-	-	-	-18,784	-	Upgrade
Pretax Income	53,896	40,150	24,223	7,165	-13,722	16,765	Upgrade
Income Tax Expense	10,421	7,087	4,867	2,688	1,372	4,485	Upgrade
Earnings From Continuing Operations	43,475	33,063	19,356	4,477	-15,094	12,279	Upgrade
Net Income to Company	43,475	33,063	19,356	4,477	-15,094	12,279	Upgrade
Minority Interest in Earnings	-229	-246.4	-210.9	-176.1	-186.8	-114	Upgrade
Net Income	43,246	32,816	19,145	4,301	-15,280	12,165	Upgrade
Net Income to Common	43,246	32,816	19,145	4,301	-15,280	12,165	Upgrade
Net Income Growth	64.65%	71.41%	345.14%	-	-	-	Upgrade
Shares Outstanding (Basic)	457	456	455	455	454	453	Upgrade
Shares Outstanding (Diluted)	458	458	457	457	454	455	Upgrade
Shares Change (YoY)	0.11%	0.12%	0.06%	0.64%	-0.26%	0.56%	Upgrade
EPS (Basic)	94.73	71.95	42.05	9.46	-33.65	26.84	Upgrade
EPS (Diluted)	94.42	71.69	41.87	9.41	-33.65	26.72	Upgrade
EPS Growth	64.49%	71.22%	344.95%	-	-	-	Upgrade
Free Cash Flow	29,406	13,175	27,195	3,976	-5,378	11,441	Upgrade
Free Cash Flow Per Share	64.20	28.78	59.48	8.70	-11.84	25.13	Upgrade
Dividend Per Share	-	12.000	8.000	4.000	4.000	6.500	Upgrade
Dividend Growth	-	50.00%	100.00%	-	-38.46%	8.33%	Upgrade
Gross Margin	69.52%	67.50%	64.46%	56.54%	57.94%	62.11%	Upgrade
Operating Margin	20.50%	18.31%	13.87%	5.12%	7.67%	11.57%	Upgrade
Profit Margin	17.47%	14.45%	9.57%	2.58%	-9.31%	8.02%	Upgrade
Free Cash Flow Margin	11.88%	5.80%	13.59%	2.39%	-3.28%	7.55%	Upgrade
EBITDA	60,769	50,507	36,272	15,734	19,660	25,241	Upgrade
EBITDA Margin	24.55%	22.24%	18.13%	9.46%	11.98%	16.65%	Upgrade
D&A For EBITDA	10,030	8,919	8,514	7,210	7,080	7,701	Upgrade
EBIT	50,739	41,588	27,758	8,524	12,580	17,541	Upgrade
EBIT Margin	20.50%	18.31%	13.87%	5.12%	7.67%	11.57%	Upgrade
Effective Tax Rate	19.34%	17.65%	20.09%	37.52%	-	26.75%	Upgrade
Revenue as Reported	250,300	229,037	201,310	167,150	165,472	152,993	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.