Lupine second quarter results announced: profit increased by 74.11% year-on-year

Lupine’s second quarter results live broadcast: Lupine announced its second quarter results on November 7, 2024. The results were strong, with revenue increasing by 12.59% year-on-year, and profits increasing significantly by 74.11%. This marks a significant improvement compared to the same period last year.

Compared with the previous quarter, revenue increased slightly by 1.29% and profit increased by 6.4%, indicating a steady increase in the company’s financial performance.

However, selling, general and administrative expenses increased 3.76% month-on-month and 17.06% year-on-year, indicating that increased operating costs may affect future profit margins.

Operating income also rebounded, with a month-on-month increase of 1.22% and a year-on-year increase of 55.69%, indicating that the company’s profitability throughout the year has significantly improved.

Second quarter earnings per share (EPS) were $18.64, a significant year-on-year increase of 73.86%, further demonstrating the company’s strong profit trajectory.

Despite recent volatility, Lupins returned -3.45% last week, but have returned 33.31% over the past six months and 59.61% year-to-date, indicating strong investor interest and strong market performance.

Currently, Lupine’s market capitalization is $96,325.56 Crore, a new 52-week high $2,312 minimum $1,153.55, showing the stock’s volatility and growth potential.

Of the 32 analysts covering Lupin as of November 8, 2024, opinions are mixed: 2 rate it a Strong Sell, 8 rate it a Sell, and 10 rate it a Hold. Yes, 6 analysts rate it a Buy and 6 rate it a Strong Buy, with consensus recommendations favoring a Hold position.