Jan 25, 2022 / 12:30PM GMT
Operator
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.
Sudhir Menon - Torrent Pharmaceuticals Limited - Executive Director of Finance & CFO
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
Q3 2022 Torrent Pharmaceuticals Ltd Earnings Call Transcript
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