Q1 2024 Torrent Pharmaceuticals Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the Q1 FY '24 Earnings Conference Call of Torrent Pharmaceuticals. (Operator Instructions) Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Sudhir Menon, Chief Financial Officer and Executive Director. Thank you, and over to you, sir.
Thank you. Good evening, and welcome to Quarter 1 FY '24 Earnings Call of Torrent. While we see -- while we continue to see strong underlying market beating growth in our branded business. On the generic side, Germany has registered a sequential increase in the revenues on the back of tender wins in the last 3 quarters, while the U.S. business has delivered stable revenues for the quarter.
In terms of key financial performance indicators for quarter 1, revenues were INR 2,591 crores, up by 10% compared to the previous year same quarter. Operating EBITDA for the quarter is INR 791 crores. Operating EBITDA margin stands at 30.5% and
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