Lupin reported a weaker quarterly revenue than expected. It reported 12.0% Y-o-Y (-4.6% Q-o-Q) rise in operating revenue to Rs. 49,608 Mn (estimated: Rs. 55,943 Mn) US market grew at 19.4% Y-o-Y (-1.4% Q-o-Q) to USD 209 Mn (estimated: USD 298 Mn), the third consecutive quarter of over USD 200 Mn revenue.