Q3 2020 Lupin Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the Lupin Limited Q3 FY '20 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I would now like to hand the conference over to Lupin management. Thank you, and over to you all.
Yes, hello. This is Kamal Sharma. Welcome to the Earnings Call of Lupin Quarter 3 results. I believe you have read through the results already. You would have seen that on the revenue line, there is a decline of 2.7% sequentially and 2.8% year-on-year. But in both these quarters, that is Q2 of this financial year and Q3 of last financial year, both have other income in them. So if you adjust for that, then you would see 1% growth in sequence and 2.9% growth in year-on-year.
Accordingly, the gross margin is flat sequentially and is up by 0.7% year-on-year. What you would also see the EBITDA margin for this quarter is 14.1% as against 18.9% for corresponding quarter. What they -- what I would like to say here is that if you
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