We have registered a profitable year in FY 2023-24. Our focus on enhancing the EBITDA margin through cost control initiatives and favorable API prices has led to significant gross margin improvements, driven by lower raw material costs and reduced price erosion in the US market. For the first time, our net profit before tax exceeding ₹ 2,000 crore, with our international business surpassing ₹ 4,000 crore in revenue. Additionally, we generated approximately ₹ 1,400 crore in cash, strengthening our balance sheet and establishing a net cash position of around ₹ 3,550 crore. Looking ahead, we are committed to sustaining our profitability and exploring new growth opportunities to further enhance our financial performance.
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