As per our expectations, earnings started picking up from Q2FY18 onwards. Revenues came in line with our expectations however, better margins aided earnings. If the key approvals come by expected timelines, DRL can show robust earnings in H2FY18E. A lot depends on timely approvals and pricing scenario for key assets in US. We remain optimistic as the management has indicated closer TAD dates for gCopaxone 20mg (10th Nov17), which could lead to sooner gCopaxone 40mg(Mar18). They also highlighted that TAD...