CMP : 1,731
Target Price :
For 3QFY2016, Lupin posted results more or less in line with our expectations. A
higher than expected other income aided the net profit to come in higher than
our expectation. The company posted sales of Rs3,358cr (V/s Rs3,400cr expected),
a growth of 6.8% yoy. On the operating front, the OPM came in at 20.2% (V/s
20.5% expected) V/s 27.0..