Q3 2022 Torrent Pharmaceuticals Ltd Earnings Call Transcript
Ladies and gentlemen, good day And welcome to Torrent Pharma Limited Q3 FY'21 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Sudhir Menon. Thank you, and over to you, Mr. Menon.
Thank you, Nirav. Good evening, and welcome to quarter 3 FY'22 earnings call of Torrent Pharma. Very quickly, the financial performance highlights during the quarter is as follows: The revenues were INR 2,108 crores, up by 6% on Y-o-Y basis. EBITDA was at INR 585 crores, down by 5% on a Y-o-Y basis. The profit before tax was at INR 357 crores, same as a corresponding quarter in the previous year.
Net profit after tax was at INR 249 crores, which is down by 16%, essentially because of the tax change, which has happened during the year. Profitability for the quarter was impacted due to higher-than-anticipated price erosion in the U.S.-based business, coupled with under absorption of a certain amount of
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