Dr Reddy's Laboratories Ltd (NYSE:RDY) Q1 2024 Earnings Conference Call July 26, 2023 10:00 AM ET
Company Participants
Richa Periwal - IR
Erez Israeli - CEO
Parag Agarwal - CFO
Conference Call Participants
Kunal Dhamesha - Macquarie Research
Damayanti Kerai - HSBC
Surya Patra – Phillip Capital India Private Limited
Neha Manpuria - Bank of America Merrill Lynch
Cyndrella Carvalho - JM Financial
Tushar Manudhane - Motilal Oswal Financial Services
Shyam Srinivasan - Goldman Sachs
Sayon Mukherjee - Nomura
Binopati Parampil - Ilara Capital
Ankush Mahajan - Axis Securities
Operator
Ladies and gentlemen, good day and welcome to the Dr. Reddy's Q1 FY '24 Earnings Call. [Operator Instructions].
I now hand the conference over to Ms. Richa Periwal from Investor Relations team. Thank you. And over to you ma'am.
Richa Periwal
Thank you Darwin. Thank you. A very good morning and good evening to all of you and thank you for joining us today for the Dr. Reddy's earnings conference call for the quarter ended June 30, 2023. Earlier during the day we have released our results and the same is also posted on our website. This call is being recorded and the playback and transcripts shall be made available on our website soon.
All the discussions and analysis of this call will be based on the IFRS consolidated financial statements. The discussion today contains certain non-GAAP financial measures. For a reconciliation of GAAP to non-GAAP measures, please refer to our press release. To discuss the business performance and outlook, we have our CEO, Mr. Erez Israeli and our CFO, Mr. Parag Agarwal, along with the investor relations team.
Please note that today's call is a copyrighted material of Dr. Reddy's and cannot be rebroadcasted or attributed in press or media outlet without the company's expressed written consent. Before I proceed with the call, I'd like to remind everyone that the safe harbor contained in today's press release, also pertains to this conference call.
Now I hand over the call to Mr. Parag Agarwal. Over to you, Parag.
Parag Agarwal
Thank you, Richa. Greetings to everyone and a warm welcome to our Q1 FY '24 earnings call. We had a strong start to the year with robust sales and record profitability. I'll start today with an overview of our financials for the quarter. For the section, all the amounts are translated into USD at a convenience translation rate of INR 82.06, which is the rate as of June 30, 2023.