Lupin Results Analysis

Q4FY25 – Net Sales Rs. 5,562 Cr. 13.6% Growth YoY, EBITDA Rs. 1,292 Cr. 29.6% Growth YoY, EBITDA Margin 23.23% 286 bps Growth YoY, Profit before tax (PBT) Rs. 896 Cr. 80% Growth YoY. Profit after tax (PAT) Rs. 782 Cr. 113% Growth YoY. FY25 – Net Sales Rs. 22,192 Cr. 12.9% Growth YoY, EBITDA Rs. 5,278 Cr. 38.9% Growth YoY, EBITDA Margin 23.78% 445 bps Growth YoY, Profit before tax (PBT) Rs. 4,015 Cr. 65.80% Growth YoY. Profit after tax (PAT) Rs. 3,306 Cr. 70.8% Growth YoY. Management is projecting further improvement in Margins. Company is zero debt Company, strong cash flows and have considerably improved ROCE to 21.6% from 5.9% in FY23. The Board declared dividend of Rs. 12 per Equity Share.