Advertisement

Dr Reddy's profit drops 36% to Rs 380.4 cr in June quarter

11:51 PM Jul 27, 2021 | PTI

Dr Reddy's Laboratories on Tuesday reported 36 percent decline in consolidated net profit at Rs 380.4 crore for the quarter ended June 30, 2021, on account of higher expenses.

The pharma major had posted a net profit of Rs 594.6 crore in the corresponding period a year ago.

Advertisement
Advertisement

Total income during June quarter of the current fiscal stood at Rs 5,053 crore, up 12 percent as against Rs 4,513.6 crore in the year-ago period, Dr Reddy''s Laboratories said in a filing to BSE.

Advertisement

Total expenses during the period under review were at Rs 4,513.8, up 24.7 per cent as against Rs 3,620.8 crore in first quarter of the previous fiscal.

Shares of Dr Reddy's Laboratories were trading 4.15 percent lower at Rs 5,184.40 apiece on BSE

(To view our epaper please Read Now. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Advertisement