Lupin Q2 profit down 31 percent, but slightly above consensus

Indian drugmaker Lupin Ltd on Monday said its second-quarter profit fell about 31 percent, but the results were slightly above estimates.

The company`s profit came in at 4.55 billion rupees ($70.14 million) for the quarter ended Sept. 30, compared with 6.62 billion rupees a year earlier. (http://bit.ly/2A0RvvN)

Analysts on average had expected a profit of 4.33 billion rupees, according to Thomson Reuters data.

($1 = 64.8700 rupees)

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