Half Year 2022 Lupin Ltd Earnings Call Transcript

Oct 28, 2021 / 11:00AM GMT
Operator

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(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Lupin management. Thank you, and over to you, sir.

Kamal Kishore Sharma - Lupin Limited - Vice Chairman of the Board

Yes. Hello. Good afternoon, and welcome to this earnings call. You have the results with you, and I know you have lots of questions. So I would straight away hand it over to Ramesh to explain the financial details, and then we'll open the floor for question and answers. Over to you, Ramesh.

Ramesh Swaminathan - Lupin Limited - Global CFO, Head of Corporate Affairs & Executive Director

Thank Dr. Sharma, and welcome back, friends, hope that you and your family are keeping fine. I'll begin with the commentary on the sales. Sales for quarter 2 FY '22 are INR 4,003 crores as compared to INR 4,237 crores in Q1 FY '22, a 5.5% degrowth and 5.9% growth as compared to Q2 FY '21 sales. But you recognize that adjusted for NCE licensing income, the quarter-on-quarter

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