New initiatives, faster Sputnik rollout can lift DRL

Revenues rose 12% and net profit declined by a percent over the prior year. Ebitda margin dropped 560 bps to 20.7%. The disappointing performance was caused by underperformance of the US and API businesses. Profitability was impacted due to price erosion, increase in inventory provisions related to few products and higher other expenditure.

via Economictimes