Lupin’s results were a tad disappointing; ONGC was in line—realisations are improving, but limited by the subsidy burden
LUPIN
| Lupin Q3 FY11 Result Highlights | |||
| (Rs million) | Dec 09 | Sept 10 | Dec 10 |
| Net sales | 12,554 | 14,050 | 14,672 |
| Net profit | 2,152 | 2,478 | 2,516 |
Lupin’s share has been falling over the last month or so.
ONGC
| ONGC Q3 FY11 Result Highlights | |||
| (Rs million) | Dec 09 | Sept 10 | Dec 10 |
| Net sales | 155,061 | 184,303 | 189,062 |
| Net profit | 30,536 | 53,888 | 70,832 |
ONGC’s share price has been falling over the last three months but is seen to be picking up of late.
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