Dr Reddy’s Clocks Impressive Numbers
Beats Street Estimates
Dr Laboratories on Wednesday reported a 75.92 per cent year-on-year (YoY) jump in consolidated net profit at Rs 764.2 crore for the March quarter. The company reported a revenue of Rs 4,432 crore, up 10 per cent from the year-ago period.
Its revenue rose 10 percent over the last year to Rs 4,432 crore in the January-March period. That’s against the Rs 4,268-crore forecast.
Dr. Reddy’s reported a year-on-year sales growth of 21 percent at Rs 1,807.2 crore in North America, its largest market. Its domestic sales grew 5 percent over last year to Rs 683.9 crore.
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