Net Revenues for the quarter grew by 16.4 % YoY to Rs 3599 mn and were higher than our expectation of Rs 3495 mn due to higher other operating income. EBDITAM for the quarter was up from 11 % to 12.3 % YoY (our expectation of 11.4 %). Profits for the quarter were higher by 26.1 % YoY to Rs 261 mn (despite tax rate of 30.6%) as against our expectation of Rs 229 mn. Revenue Details: Domestic formulations revenues grew at 6.3 % YoY to Rs 2036 mn, lower than our expectation of Rs 2040 mn.