India Market Growth and Financial Performance

Key Financial Metrics: Quarterly Trend R&D (INR mn) 3,679 3,764 2,896 3,050 Capex (INR mn) Net debt/Equity 1,848 3,567 0.27 1,555 1,502 1,345 0.20 1,171 6.8% 7.0% 7.8% 7.6% 7.0% 3.7% 3.5% 3.6% 2.6% 2.7% 0.10 0.14 0.07 Q3 Q4 Q1 Q2 Q3 FY23 FY23 FY24 FY24 FY24 R&D (INR Mn) R&D (% of Sales) Q3 Q4 Q1 Q2 Q3 FY23 FY23 FY24 FY24 FY24 Capex (INR Mn) -Capex % of Sales Q3 Q4 Q1 Q2 Q3 FY23 FY23 FY24 FY24 FY24 LUPIN 12

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