On a quarter-on-quarter (QoQ) basis, the net profit rose 22.3%.
Revenue from operations declined 6.3% YoY to Rs 2777 crore in Q1FY23 compared to Rs 2965 crore in Q1FY22.
The earnings before interest, tax, depreciation and ammortisation (EBITDA) stood at Rs 4316 crore, a decline of 24.8% YoY.
The EBITDA margins for the quarter dropped 460 basis points to 15.5% in Q1FY23 compared to 19.3% in Q1FY22.
India sales saw a drop of 15.5% YoY to Rs 1035 crore on account
of a high base due to sales of Covid-related products last year
is ranked 14th with a market share of 2.17%
Sales from North America fell 10.2% YoY to Rs 663 crore. Europe sales saw 8% YoY to Rs 330 crore, and the rest of the world rose 26% to Rs 423 crore.