Q2 2023 Torrent Pharmaceuticals Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to Q2 FY '23 Earnings Conference Call of Torrent Pharmaceuticals Limited. (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, sir.
Thank you. Good evening, and welcome to Quarter 3 FY '21 Earnings call. Quarter 2 revenue growth was around 7%, which was rated by performance of the branded generic market, which constituted around 70% of the total revenue and registered a Y-o-Y growth of 13%. Growth in the branded generic market was driven by new launch momentum and performance of the top brands. In terms of financial performance, during the quarter, revenues were INR 2,291 crores, up by 7% on a year-on-year basis. Gross margins were 72% and has improved on a sequential basis. There is a one-off income of INR 7 crores in the line-item operating income. And adjusted for that, the operating EBITDA stands at 29.4%. I now hand over to
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