Indoco highlighted its impressive revenue increase for its financial third quarter ended 31 December 2022, going up 17.8% compared to the equivalent period in 2021, to INR4.1bn ($4.9bn). It was also up from INR4.0bn for the second quarter of the financial year.
Margins Slow For Indoco Despite Sustained Revenue Growth
Third Quarter Revenue Is Up But Costs And Delays Eat Into Margins
Indoco’s revenue rise and profit dip in the third quarter indicates the effects of rising input costs are starting to bite.
