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Zydus Lifesciences Ltd reported quarterly results with total operating income of Rs. 43.69 billion, a 9% increase year-over-year but 5% lower than expectations due to a sharp sequential fall in US revenue to US$225 million with no sales of gRevlimid. Domestic formulations grew 6% year-over-year and core operating performance was robust with EBITDA margin maintained at 24.3% despite lower gRevlimid sales. The company raised full-year margin guidance to over 24% and expects continued growth in the US market a

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Research Analyst

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