Lupin Attains ISO 14001 and ISO 45001 Certifications for Indian Facilities

Lupin Limited announced in an exchange filing that all 12 of its manufacturing facilities, its R&D Center, and its corporate office in India have successfully finished strict audits and been certified by DNV for ISO 14001 – Environment Management Systems (EMS) and ISO 45001 – Occupational Health and Safety Management System (OHSMS). This milestone signifies Lupin’s dedication to safe and sustainable operations, marking a notable achievement for the company.

ISO 14001 is an internationally recognised standard for Environmental Management Systems. This certification indicates the company’s dedication to minimising its environmental footprint and encouraging sustainable practices across its operations. The ISO 45001 certification highlights Lupin’s determined commitment to ensuring its employees’ and stakeholders’ health, safety and well-being.

Sharing his thoughts on this achievement, the Managing Director of Lupin, Nilesh Gupta, said, “We are very proud of this achievement; it acknowledges our steadfast commitment to excellence in environmental stewardship and workplace safety and is a reflection of our ongoing efforts to integrate sustainable practices into our business operations and prioritise the health and safety of our people.”

Meanwhile, Lupin announced their financial results for FY 2024 and the quarter-ended March 2024. In FY 2024, the company reported sales of ₹1,96,563 million, which is 20.8% higher compared to FY 2023. In FY 2024, Lupin’s Profit Before Tax (PBT) was ₹24,223 million, with a YoY growth of 238.1%. Regarding the quarterly results, in Q4 FY 2024, the sales were ₹48,951 million, with 13.0% YoY growth. In the same quarter, the PBT was ₹4,977 million, which increased by 92.5% compared to the same period in FY 2023.

Commenting on the results, the Managing Director stated that their U.S. sales continue to thrive, fueled by inhalation products, while their formulation business in India outperforms the market. Reflecting on FY 2024, it has been a year of resurgence for the company. They anticipate an even more robust FY 2025, propelled by growth in key regions and sustained margin enhancement.

On May 16, 2024, the share price of Lupin Ltd opened at ₹1,652.60, touching the day’s high at ₹1,664.40, as of 9:47 AM on the NSE.

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