Q2 FY24 Financial Highlights

Key Financial Metrics: Quarterly Trend R&D (INR mn) 3,679 3,764 3,376 2,896 3,050 8.3% 6.8% 7.0% 7.8% 7.6% Q2 Q3 Q4 Q1 Q2 FY23 FY23 FY23 FY24 FY24 IR&D (INR Mn) R&D (% of Sales) Capex (INR mn) 1,540 1,555 1,502 1,345 1,171 3.8% 3.7% 3.5% 2.5% 2.7% ------ ------ -- Net debt/Equity 0.25 0.27 0.20 0.14 0.10 Q2 Q3 Q4 Q1 Q2 FY23 FY23 FY23 FY24 FY24 Capex (INR Mn) Q2 Q3 Q4 Q1 Q2 FY23 FY23 FY23 FY24 FY24 -Capex % of Sales LUPIN 12

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