August 8, 2018 / 8:43 AM / 11 days ago

India's Lupin quarterly profit falls 43 pct

Aug 8 (Reuters) - Drugmaker Lupin Ltd posted a 43 percent fall in first-quarter profit on Wednesday, widely missing analysts' estimates.

Net profit was 2.03 billion rupees ($29.56 million) in the quarter ended June 30, compared with a profit of 3.58 billion rupees a year earlier, Lupin said here

Analysts on average had expected a profit of 3.51 billion rupees, according to Thomson Reuters I/B/E/S.

Total revenue from operations declined marginally to 38.56 billion rupees. ($1 = 68.6800 Indian rupees) (Reporting by Tanvi Mehta in Bengaluru; Editing by Subhranshu Sahu)

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