Lupin Limited has announced the allotment of 75,273 equity shares under its Employee Stock Option Plan (ESOP) on February 13, 2026. The pharmaceutical company informed stock exchanges about this development through a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Allotment Details

The Operations and Finance Committee of Lupin approved the allotment during its meeting held on February 13, 2026. The allotted shares represent fully paid-up equity shares with a face value of ₹2 each.

Impact on Share Capital

Following the ESOP allotment, Lupin's capital structure has been updated to reflect the increased share count. The allotment was made upon exercising of vested options granted to employees under the company's stock option plans.

Regulatory Compliance

The company has duly informed both the National Stock Exchange of India Limited and BSE Limited about the share allotment. The disclosure was signed by Amit Kumar Gupta, Company Secretary and Compliance Officer, ensuring compliance with regulatory requirements for listed companies.

This ESOP allotment reflects Lupin's ongoing commitment to employee participation in the company's growth through equity-based compensation schemes for its workforce and subsidiary employees.

Lupin Limited's Board of Directors approved the company's unaudited standalone and consolidated financial results for Q3 FY26 at a meeting held on February 12, 2026. The pharmaceutical major reported consolidated sales of ₹71,005 million for the quarter ended December 31, 2025, marking a significant 26.4% increase from ₹56,186 million in the corresponding quarter of the previous fiscal year.

Board Meeting and Regulatory Compliance

The Board meeting commenced at 06:30 p.m. (IST) and concluded at 08:40 p.m. (IST) on February 12, 2026. The results were prepared pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors conducted a limited review of the financial results as required under regulatory guidelines.

Financial Performance Overview

The company's operational efficiency showed marked improvement with EBITDA surging 68.6% to ₹23,766 million compared to ₹14,098 million in Q3 FY25. EBITDA margins expanded substantially to 33.5% from 25.1% in the previous year, reflecting enhanced profitability. Net profit after tax grew 37.4% to ₹11,805 million from ₹8,589 million in Q3 FY25.

Regional Performance Analysis

The US market emerged as the standout performer, generating sales of ₹31,132 million, representing a substantial 54% year-over-year growth from ₹20,221 million in Q3 FY25. This segment now accounts for 44% of Lupin's global sales, reinforcing the company's strong position in the world's largest pharmaceutical market.

India operations contributed ₹20,387 million, showing steady growth of 5.6% compared to ₹19,305 million in the previous year quarter. The domestic market represents 29% of total global sales, with India Region Formulation sales growing 10.9% during the quarter.

Exceptional Items and Provisions

The company recorded exceptional items totaling ₹4,266 million during the quarter. This includes ₹4,494 million provision for Antitrust Litigation settlement in the US market and ₹1,348 million for Mirabegron ER Tablets settlement with Astellas. Additionally, ₹496 million was provided for compliance with India's New Labour Codes effective from November 21, 2025.

Operational Highlights and Market Position

Lupin maintains its leadership position as the 3rd largest pharmaceutical player in both US generic market and US total market by prescriptions according to IQVIA data. The company leads in 55 of its marketed generics in the US and ranks among the top 3 in 116 of its marketed products.

During Q3 FY26, the company received 1 ANDA approval from the US FDA and launched 3 products in the quarter, bringing its total generic products in the US market to 149. In India, Lupin launched 3 brands across various therapies and holds the 8th position in the Indian Pharmaceutical Market.

Research and Development Investment

The company continued its focus on innovation with R&D investment of ₹5,352 million, representing 7.5% of sales for the quarter. Cumulative ANDA filings with the US FDA stand at 431 as of December 31, 2025, with 341 approvals received to date. The company maintains 52 First-to-File filings including 22 exclusive FTF opportunities.

Commenting on the results, Mr. Nilesh Gupta, Managing Director, stated the company was pleased to deliver strong growth led by highest ever quarterly sales in the US and double-digit growth across India and other regions, positioning them well for a strong close to FY26.