Dr. Reddys Laboratories Ltd.

Dr Reddys Laboratories has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a net loss of Rs 5.7 crore for the quarter ended March 31, 2016 as compared to net profit of Rs 571.4 crore for the same quarter in the previous year. Total income of the company has decreased by 10.71% at Rs 2478.7 crore for quarter under review as compared to Rs 2776 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a fall of 85.62% in its net profit after taxes, minority interest and share of profit of associates  at Rs 74.6 crore for the quarter ended March 31, 2016 as compared to Rs 518.8 crore for the corresponding quarter in the FY15. Total income of the company decreased by 2.47% at Rs 3786.9 crore for quarter under review as compared to Rs 3882.9 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a fall of 19.35% in its net profit at Rs 1354.5 crore as compared to Rs 1679.4 crore for the same period in the previous year. However, total income of company increased 2.14% at Rs 10452.5 crore for year under review as compared to Rs 10233.8 crore for the period ended March 31, 2015. 

For the year ended March 31, 2016, on the consolidated basis, the company has posted a fall of 9.77% in its net profit after taxes, minority interest and share of profit of associates at Rs 2001.3 crore as compared to Rs 2217.9 crore for the same period in the previous year. However, total income of company has increased by 4.34% at Rs 15558.2 crore for year under review as compared to Rs 14910.6 crore for the period ended March 31, 2015.