Lupin Q2 FY27 consolidated revenue Rs 7,827.26 cr, PAT Rs 1,155.30 cr
For Q2 FY27, Lupin’s consolidated revenue from operations was Rs 7,827.26 cr and net profit after tax Rs 1,155.30 cr, versus Rs 7,047.51 cr and Rs 1,484.83 cr a year earlier.
Key takeaways
- Revenue from operations Rs 7,827.26 cr vs Rs 7,047.51 cr a year earlier
- Total income Rs 7,954.05 cr vs Rs 7,137.51 cr in the corresponding quarter
- Total expenses Rs 6,374.46 cr vs Rs 5,130.54 cr in the year-ago quarter
- Profit before tax Rs 1,579.60 cr vs Rs 2,006.97 cr a year earlier
- Net profit after tax Rs 1,155.30 cr vs Rs 1,484.83 cr in Q2 FY26
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 7,827.26 cr | Rs 7,047.51 cr | +11.1% |
| PAT | Rs 1,155.30 cr | Rs 1,484.83 cr | -22.2% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 14.76% of revenue, down 630 bps from 21.07%.
From the statement of unaudited consolidated financial results for the quarter ended 30/09/2026 (Q2 FY27), compared with the corresponding quarter ended 30/09/2025:
- Revenue from operations: Rs 7,827.26 cr (Q2 FY26: Rs 7,047.51 cr)
- Other income: Rs 126.79 cr (Q2 FY26: Rs 90.00 cr)
- Total income (1+2): Rs 7,954.05 cr (Q2 FY26: Rs 7,137.51 cr)
- Cost of materials consumed: Rs 1,310.74 cr (Q2 FY26: Rs 1,139.15 cr)
- Purchases of stock-in-trade: Rs 733.18 cr (Q2 FY26: Rs 724.92 cr)
- Changes in inventories of finished goods, work-in-progress and stock-in-trade [(increase) / decrease]: Rs (35.78) cr (Q2 FY26: Rs (39.30) cr)
- Employee benefits expense: Rs 1,423.58 cr (Q2 FY26: Rs 1,105.56 cr)
- Finance costs: Rs 105.71 cr (Q2 FY26: Rs 107.59 cr)
- Depreciation, amortisation and impairment expense: Rs 485.90 cr (Q2 FY26: Rs 316.77 cr)
- Other expenses: Rs 2,438.14 cr (Q2 FY26: Rs 1,979.58 cr)
- Net (gain) / loss on foreign currency transactions: Rs (87.01) cr (Q2 FY26: Rs (203.73) cr)
- Total expenses: Rs 6,374.46 cr (Q2 FY26: Rs 5,130.54 cr)
- Profit / (Loss) before share of profit of joint venture and tax (3-4): Rs 1,579.59 cr (Q2 FY26: Rs 2,006.97 cr)
- Share of profit / (loss) from joint venture (net of tax): Rs 0.01 cr (Q2 FY26: Rs -)
- Profit / (Loss) before tax and exceptional items (5+6): Rs 1,579.60 cr (Q2 FY26: Rs 2,006.97 cr)
- Exceptional items [income/(expense)]: Rs - (Q2 FY26: Rs -)
- Profit / (Loss) before tax (7+8): Rs 1,579.60 cr (Q2 FY26: Rs 2,006.97 cr)
- Total tax expense: Rs 424.30 cr (Q2 FY26: Rs 522.14 cr)
- Net Profit / (Loss) after tax (9-10): Rs 1,155.30 cr (Q2 FY26: Rs 1,484.83 cr)
- Earnings per share – Basic (in Rs) [Before exceptional items]: Rs 25.27 (Q2 FY26: Rs 32.36)
- Earnings per share – Diluted (in Rs) [Before exceptional items]: Rs 25.14 (Q2 FY26: Rs 32.28)
- Earnings per share – Basic (in Rs) [After exceptional items]: Rs 25.27 (Q2 FY26: Rs 32.36)
- Earnings per share – Diluted (in Rs) [After exceptional items]: Rs 25.14 (Q2 FY26: Rs 32.28)
According to the consolidated statement of financial results, revenue from operations for the quarter ended 30/09/2026 increased to Rs 7,827.26 cr from Rs 7,047.51 cr in the quarter ended 30/09/2025, while total income rose to Rs 7,954.05 cr from Rs 7,137.51 cr over the same period. Total expenses also moved up, with cost of materials consumed, employee benefits expense, depreciation, amortisation and impairment expense, and other expenses all higher year-on-year.
Profit / (Loss) before tax for Q2 FY27, as reported in the consolidated statement of financial results, was Rs 1,579.60 cr compared with Rs 2,006.97 cr in the corresponding quarter of the previous year. Net Profit / (Loss) after tax declined to Rs 1,155.30 cr from Rs 1,484.83 cr. Basic earnings per share (after exceptional items) for the quarter were Rs 25.27 versus Rs 32.36 a year earlier, and diluted earnings per share (after exceptional items) were Rs 25.14 versus Rs 32.28.
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