Dr. Reddy's Laboratories Limited (NYSE:RDY) Q3 2023 Earnings Conference Call January 25, 2023 8:30 AM ET

Company Participants

Richa Periwal - IR

Parag Agarwal - CFO

Erez Israeli - CEO

Amit Agarwal - Head, IR & Director, Finance

Conference Call Participants

Kunal Dhamesha - Macquarie Group

Damayanti Kerai - HSBC

Surya Patra - Philip Capital

Prakash Agarwal - Axis Capital

Sameer Baisiwala - Morgan Stanley

Prashant Nair - Ambit Capital

Saion Mukherjee - Nomura

Rahul Singh - IIFL Securities

Shyam Srinivasan - Goldman Sachs

Operator

Ladies and gentlemen, good day, and welcome to Dr. Reddy's Laboratories Limited Q3 FY 2023 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. [Operator Instructions] Please note that this conference is being recorded.

I now hand the conference over to Ms. Richa Periwal. Thank you and over to you, ma'am.

Richa Periwal

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 December 31, 2022.

Earlier during the day, we have released our results and the same are also posted on our website. This call is being recorded and the playback and transcript shall be made available on our website soon.

All the discussion and analysis of this call will be based on the IFRS consolidated financial statements. To discuss the business performance and outlook, we have the leadership team of Dr. Reddy's comprising Mr. Erez Israeli, our CEO; Mr. Parag Agarwal, our CFO; and 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 outlets without the company's express written consent.

Before I proceed with the call, I would 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, and greetings to all and wishing you call a very happy new year. I'm pleased to take you through our financial performance for the quarter. For this section, all the amounts are translated into US dollar at a convenience translation rate of INR82.72 which is the rate as of December 30th, 2022. This is yet another quarter with a strong all-down financial performance reflected in higher server sales and profits and strong free cash flow.