Lupin Financial Statements

Lupin (LUPIN) reported revenue of ₹229.04B in FY2025 with net income of ₹33.06B. Total assets stood at ₹292.05B and free cash flow was ₹13.18B.

Lupin Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		151.63B	165.47B	167.15B	201.31B	229.04B
Cost of Rev. Cost of Revenue		-53.62B	-64.81B	-67.80B	-66.43B	-68.42B
Gross Profit		98.01B	100.66B	99.35B	134.88B	160.61B
SGA Sales, General & Admin		-72.34B	-78.27B	-81.41B	-95.57B	-105.82B
Op. Income Operating Income		16.79B	-12.30B	9.91B	27.34B	43.10B
PBT Profit Before Tax		16.75B	-13.73B	7.16B	24.22B	40.15B
Net Income		12.17B	-15.28B	4.30B	19.36B	33.06B
Dil. Shares Diluted Shares		455.07M	455.24M	456.95M	457.24M	457.75M
Diluted EPS		26.73	-33.65	9.41	41.87	71.69

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Lupin's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Lupin Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		139.86B	124.58B	124.51B	134.48B	167.99B
Non-curr. assets Total non-current assets		96.24B	93.64B	105.05B	105.50B	124.06B
Total assets		236.10B	218.21B	229.56B	239.97B	292.05B
Curr. liabilities Total current liabilities		84.36B	82.76B	92.65B	85.02B	89.61B
Non-curr. liab. Total non-current liabilities		13.16B	13.23B	11.48B	11.22B	29.49B
Total liabilities		97.52B	95.99B	104.13B	96.24B	119.11B
Total equity		138.58B	122.22B	125.43B	143.73B	172.94B
Total liab. & eq. Total liabilities & equity		236.10B	218.21B	229.56B	239.97B	292.05B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Lupin's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Lupin Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		16.76B	-13.72B	7.16B	24.22B	40.15B
Operating CF Cash flow Operating Activities		18.22B	3.67B	18.97B	34.90B	30.00B
Capex Investments in PPE		-6.78B	-9.05B	-15.00B	-9.29B	-16.82B
Investing CF Cash flow Investing Activities		-12.40B	12.92B	-12.87B	-15.54B	-41.72B
Dividend Paid		-2.72B	-2.95B	-1.83B	-1.83B	-3.65B
Financing CF Cash flow Financing Activities		-18.85B	-15.72B	-3.37B	-21.84B	17.32B
Cash (start) Cash at beginning of period		22.29B	9.26B	9.91B	12.32B	9.84B
Cash (end) Cash at end of period		9.26B	10.13B	12.65B	9.84B	15.44B
FCF Free Cash Flow		11.44B	-5.38B	3.98B	25.62B	13.18B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Lupin's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025