Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported a total income of Rs. 2156 crore during the period ended December 31, 2021 as compared to Rs. 2188 crore during the period ended September 30, 2021.

The company has posted net profit of Rs. 249 crores for the period ended December 31, 2021 as against net profit of Rs. 316 crore for the period ended September 30, 2021.

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported a total income of Rs. 2156 crore during the period ended December 31, 2021 as compared to Rs.2003 crore during the period ended December 31, 2020.

The company has posted a net profit of Rs.249 crore for the period ended December 31, 2021 as against a net profit of Rs.297 crore for the period ended December 31, 2020.

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.6518 crore during the 9 Months period ended December 31, 2021 as compared to Rs.6086 crore during the 9 Months period ended December 31, 2020.

The company has posted a net profit of Rs.895 crores for the 9 Months period ended December 31, 2021 as against net profit of Rs.928 crores for the 9 Months period ended December 31, 2020.

Commenting on the Q3 results, Samir Mehta, Chairman, said: “Due to the prolonged delays in reinspection of our US facilities on account of the pandemic, coupled with higher than anticipated pricing pressure, our US business has been adversely affected during this quarter. We remain hopeful of our prospects in the US market as soon as the facilities are reinspected. We have initiated cost optimisation measures which should help us get back on track with respect to margins in the upcoming quarters. Our India business continues to be on a strong footing delivering significantly higher than market growth during the quarter.”