LUPIN LIMITED — Quarter and year ended March 31, 2026 (Audited)
| Particulars | Quarter Ended 31/03/2026 (Audited) (Refer note 10) | Quarter Ended 31/12/2025 (Unaudited) (Refer note 10) | Quarter Ended 31/03/2025 (Audited) (Refer note 10) | Year Ended 31/03/2026 (Audited) | Year Ended 31/03/2025 (Audited) |
|---|---|---|---|---|---|
| 1) Revenue from operations | |||||
| a) Sales / income from operations | 51,522.6 | 44,339.6 | 43,826.9 | 190,444.2 | 164,585.8 |
| b) Other operating income | 823.4 | 672.3 | 1,029.8 | 4,682.4 | 5,089.2 |
| Total Revenue from operations | 52,346.0 | 45,011.9 | 44,856.7 | 195,126.6 | 169,675.0 |
| 2) Other income | 888.3 | 998.0 | 487.9 | 3,127.7 | 1,740.5 |
| 3) Total income (1+2) | 53,234.3 | 46,009.9 | 45,344.6 | 198,254.3 | 171,415.5 |
| 4) Expenses | |||||
| a) Cost of materials consumed | 9,955.3 | 9,095.5 | 9,236.0 | 36,783.6 | 37,167.2 |
| b) Purchases of stock-in-trade | 2,745.8 | 2,961.3 | 2,777.4 | 11,923.2 | 12,468.5 |
| c) Changes in inventories of finished goods, work-in-progress and stock-in-trade [(increase)/decrease] | (335.1) | (175.2) | (256.5) | 46.6 | (383.5) |
| d) Employee benefits expense | 6,606.5 | 6,315.1 | 5,524.2 | 25,448.8 | 23,120.7 |
| e) Finance cost | 387.7 | 360.2 | 338.5 | 1,214.7 | 845.0 |
| f) Depreciation, amortisation and impairment expense (Refer note 7) | 1,770.5 | 1,786.8 | 2,079.8 | 7,071.8 | 6,476.9 |
| g) Other expenses (Refer note 5 and 6) | 13,667.5 | 11,321.8 | 10,131.2 | 49,159.8 | 43,370.7 |
| h) Net (gain) / loss on foreign currency transactions | (3,110.1) | (673.4) | (16.9) | (6,271.0) | (793.4) |
| Total expenses | 31,688.1 | 30,992.1 | 29,813.7 | 125,377.5 | 122,272.1 |
| 5) Profit before exceptional item and tax (3-4) | 21,546.2 | 15,017.8 | 15,530.9 | 72,876.8 | 49,143.4 |
| 6) Exceptional items (Refer note 4) | 4,477.3 | (6,338.4) | – | 4,065.7 | (772.2) |
| 7) Profit before tax (5+6) | 26,023.5 | 8,679.4 | 15,530.9 | 76,942.5 | 48,371.2 |
| 8) Tax expense | |||||
| Current tax (net) | 4,711.2 | 1,414.0 | 2,702.5 | 13,512.9 | 8,571.2 |
| Deferred tax (net) | (324.6) | 90.9 | (85.1) | (236.0) | 70.4 |
| Total tax expense | 4,386.6 | 1,504.9 | 2,617.4 | 13,276.9 | 8,641.6 |
| 9) Net Profit after tax (7-8) | 21,636.9 | 7,174.5 | 12,913.5 | 63,665.6 | 39,729.6 |
| 10) Other comprehensive income / (loss) | |||||
| (a) (i) Items that will not be reclassified subsequently to profit or loss | 46.4 | (77.4) | (178.7) | 61.8 | (222.4) |
| (ii) Income tax relating to items that will not be reclassified subsequently to profit or loss | (16.2) | 27.0 | 62.4 | (21.6) | 77.7 |
| (b) (i) Items that will be reclassified subsequently to profit or loss | 53.7 | (12.9) | – | (324.3) | – |
| (ii) Income tax relating to items that will be reclassified to profit or loss | (18.8) | 4.5 | – | 113.3 | – |
| Other comprehensive income / (loss), net of tax | 65.1 | (58.8) | (116.3) | (170.8) | (144.7) |
| 11) Total comprehensive income / (loss), net of tax (9+10) | 21,702.0 | 7,115.7 | 12,797.2 | 63,494.8 | 39,584.9 |
| 12) Paid up equity share capital (Face value ₹ 2/- each) | 914.4 | 913.7 | 913.2 | 914.4 | 913.2 |
| 13) Other equity | 300,423.3 | 241,869.2 | |||
| 14) Earnings per share (Face value of ₹ 2/- each) | |||||
| (Not annualised for the quarters) | |||||
| (A) Before exceptional items | |||||
| a) Basic (in ₹) | 37.01 | 27.16 | 28.30 | 129.18 | 88.80 |
| Particulars | As at 31/03/2026 (Audited) | As at 31/03/2025 (Audited) |
|---|---|---|
| A. ASSETS | ||
| 1) Non-Current Assets | ||
| a. Property, Plant and Equipment | 31,685.1 | 34,456.7 |
| b. Capital Work-in-Progress | 4,294.3 | 2,319.0 |
| c. Right-of-use-Assets | 6,273.3 | 3,447.5 |
| d. Goodwill | – | – |
| e. Intangible Assets | 10,767.3 | 11,554.4 |
| f. Intangible Assets Under Development | 931.7 | 464.7 |
| g. Financial Assets | ||
| (i) Non-Current Investments | ||
| – In Subsidiaries (Refer note 4e) | 121,370.9 | 108,919.9 |
| – In Others | 634.6 | 594.8 |
| (ii) Non-Current Loans | 1,271.1 | 1,282.7 |
| (iii) Other Non-Current Financial Assets | 26,052.6 | 743.9 |
| h. Non-Current Tax Assets (Net) | 396.2 | 426.9 |
| i. Other Non-Current Assets | 1,401.2 | 1,163.8 |
| Total Non-Current Assets | 205,078.3 | 165,374.4 |
| 2) Current Assets | ||
| a. Inventories | 33,507.8 | 32,272.2 |
| b. Financial Assets | ||
| (i) Current Investments | 34,247.7 | 10,035.6 |
| (ii) Trade Receivables | 69,220.3 | 56,643.5 |
| (iii) Cash and Cash Equivalents | 1,116.3 | 3,418.0 |
| (iv) Other Bank Balances | 164.4 | 1,167.8 |
| (v) Current Loans | 1,023.7 | 345.7 |
| (vi) Other Current Financial Assets | 6,405.9 | 3,919.8 |
| c. Current Tax Assets (Net) | 4.3 | – |
| d. Other Current Assets | 10,260.2 | 9,012.7 |
| e. Assets included in disposal group held for sale (Refer note 4d) | – | 2,130.2 |
| Total Current Assets | 155,950.6 | 118,945.5 |
| TOTAL ASSETS | 361,028.9 | 284,319.9 |
| B. EQUITY AND LIABILITIES | ||
| 1) Equity | ||
| a. Equity Share Capital | 914.4 | 913.2 |
| b. Other Equity | 300,423.3 | 241,869.2 |
| Total Equity | 301,337.7 | 242,782.4 |
| Liabilities | ||
| I) Non-Current Liabilities | ||
| a. Financial Liabilities | ||
| (i) Lease Liabilities | 3,906.5 | 1,899.8 |
| (ii) Other Non-Current Financial Liabilities | 316.0 | 358.6 |
| b. Non-Current Provisions | 4,527.8 | 3,985.0 |
| c. Deferred Tax Liabilities (Net) | 1,225.1 | 1,552.9 |
| d. Other Non-Current Liabilities | 1,392.5 | 743.8 |
| Total Non-Current Liabilities | 11,367.9 | 8,540.1 |
| II) Current Liabilities | ||
| a. Financial Liabilities | ||
| (i) Current Borrowings | 5,768.8 | – |
| (ii) Lease Liabilities | 1,476.0 | 601.5 |
| (iii) Trade Payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 1,335.0 | 764.6 |
| – Total outstanding dues of creditors other than micro enterprises and small enterprises | 23,952.4 | 18,923.1 |
| (iv) Other Current Financial Liabilities | 4,635.4 | 2,880.8 |
| b. Other Current Liabilities | 3,855.7 | 3,915.7 |
| c. Current Provisions | 1,733.9 | 1,793.6 |
| d. Current Tax Liabilities (Net) | 5,566.1 | 3,445.9 |
| e. Liabilities included in disposal group held for sale (Refer note 4d) | – | 672.2 |
| Total Current Liabilities | 48,323.3 | 32,997.4 |
| Total Liabilities | 59,691.2 | 41,537.5 |
| TOTAL EQUITY AND LIABILITIES | 361,028.9 | 284,319.9 |
| Particulars | Year ended 31/03/2026 (Audited) | Year ended 31/03/2025 (Audited) |
|---|---|---|
| A. Cash Flow from Operating Activities | ||
| Profit before Tax | 76,942.5 | 48,371.2 |
| Adjustments for: | ||
| Depreciation, Amortisation and Impairment Expense | 7,071.8 | 6,476.9 |
| Loss / (Profit) on Sale / Write-off of Property, Plant and Equipment / Intangible Assets | (33.0) | (31.2) |
| Loss/(Profit) on Divestment of Business Undertaking | (6,626.8) | 6.4 |
| Gain on Sale of Investments | (941.6) | (416.2) |
| Finance Costs | 1,214.7 | 845.0 |
| Interest on Deposits with Banks and Others | (797.8) | (742.1) |
| Interest on Income Tax Refund | – | (24.1) |
| Unrealised Loss / (Gain) on Investments | (541.2) | (9.5) |
| Unrealised Loss / (Gain) on Non-Current Investment | (20.3) | (6.6) |
| Doubtful Trade Receivables / Advances provided | 291.9 | (63.9) |
| Bad Trade Receivables / Advances Written off | (1.9) | 359.6 |
| Share Based Payments Expense | 131.2 | 173.1 |
| Impairment in value of Non-Current investments | 700.0 | 772.2 |
| Unrealised Exchange Loss / (Gain) on Revaluation | (3,814.9) | (218.4) |
| Operating Profit before Working Capital Changes | 73,574.6 | 55,492.4 |
| Changes in working capital: | ||
| (Increase) / Decrease in Inventories | (1,367.3) | (3,027.2) |
| (Increase) / Decrease in Trade Receivables | (8,774.5) | (17,945.5) |
| (Increase) / Decrease in Other Asset | (3,294.6) | 553.2 |
| Increase / (Decrease) in Trade Payables | 5,271.5 | (333.9) |
| Increase / (Decrease) in Other Liabilities | 1,547.5 | (2, |