BANGALORE -( Dow Jones )- Lupin Ltd. (500257.BY) Wednesday said its second-quarter net profit rose 24% from a year earlier, as the Indian generic drug maker benefited from its strong performance in the local, U.S. and Japan markets and some licensing income. Consolidated net profit for the quarter through September rose to INR2.67 billion from INR2.15 billion, just ahead of the INR2.64 billion average of forecasts in a Dow Jones Newswires poll of 10 analysts. Consolidated sales also grew 24% to INR17.42 billion from INR14.09 billion, higher than the poll estimate of INR16.72 billion. The results include $20 million upfront payment received from U.S.-based Medicis Pharmaceutical Corp. (MRX) as part of a pact to jointly develop novel drugs. Sales of finished drugs in the strictly regulated U.S. and European Union markets rose 16% to INR5.98 billion in the past quarter.