Lupin, LIC Report Stronger June-Quarter Profit and Margins

The Story in Brief

Lupin’s consolidated net profit rose 16% year on year to Rs 1,415 crore in the June quarter, beating the Rs 1,350 crore Bloomberg estimate, NDTV Profit reports. Revenue climbed 32% to Rs 8,277 crore, while Ebitda rose 50% to Rs 2,463 crore. Its Ebitda margin widened to 29.8% from 26.2%.

LIC reported a 23% rise in net profit to Rs 13,492 crore. Net premium income increased 7% to Rs 1.27 lakh crore, while Value of New Business rose 61% to Rs 3,136 crore. The VNB margin expanded to 22.9%. LIC’s shares closed 1.39% lower at Rs 387.55 after the results. The figures were reported as part of NDTV Profit’s Q1 earnings coverage.

The Indian Opinion

The easy story is that strong profits automatically mean stronger businesses. That is too simple. Lupin’s margin gains need to hold as costs and working capital remain high, while LIC’s better new-business numbers sit alongside weaker 13th-month persistency. The opposite claim, that a lower share price invalidates good results, is just as lazy. The next checkpoints are Lupin’s margins and LIC’s 13th-month persistency in the next quarter.

Sources (3): ndtvprofit.com, ndtvprofit.com (2), ndtvprofit.com (3)

This story was synthesised by AI from the 3 sources linked above.

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