Dr. Reddys Laboratories Ltd.
-24.30 (-1.91%) Dr Reddys Laboratories reports 76% fall in Q1 consolidated net profit
Date: 26-07-2016Dr Reddys Laboratories has reported results for first quarter ended June 30, 2016.
The company has reported 17.09% fall in its net profit at Rs 409.10 crore for the quarter ended June 30, 2016 as compared to Rs 493.40 crore for the same quarter in the previous year. The company’s total income decreased by 3.91% to Rs 2533.30 crore for the quarter under review from Rs 2636.40 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 76.29% fall in its net profit after taxes and share of profit of associates at Rs 153.50 crore for the quarter ended June 30, 2016 as compared to Rs 647.40 crore for the same quarter in the previous year. Total Income of the company decreased by 14.07% to Rs 3289.50 crore for the quarter under review from Rs 3827.90 crore for the same quarter ended June 30, 2015.