Ann: Q3 2022 Market Update, page-2

Comparing Q3 21 to Q3 22, revenue is up 19.2% and PBT is down a whopping 24%. Q3 21 was the strongest quarter of FY21 and that had a huge jump from Q3FY20 so it's not as bad as it sounds. Having said that, even for the 3 quarters to date, profit being flat isn't great news for a company that should be growing in double digits.
The SP had fallen significantly to account for these bad results. We will probably give up the recent gains on this news unless for some reason the market was expecting much worse news.