Dr. Reddy's Labs Q4 Results: Net Profit Climbs 36%, Revenue Up 12%
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Pharmaceutical major Dr. Reddy’s Laboratories announced its fourth-quarter results on Tuesday.

What Happened: The drugmaker said its profit grew 36% to ₹1,307 crore for the quarter ended March 31, up from the ₹959.2 crore it earned in the same quarter last year. This was slightly higher than analyst estimates of ₹1,291 crore.

The company’s revenue came in at ₹7,083 crore, up 12% from ₹6,296.8 crore a year ago. The figure was slightly lower than analyst estimates of ₹7,136 crore.

See Also: CG Power Share Price Climbs As Q4 Margins Impresses Analysts

The company’s also board also recommended a dividend of ₹40 per equity share for the year.

The firm’s EBITDA for the quarter grew 14.8% to ₹1,872 crore, higher than the ₹1631.1 crore it made last year.

Revenue from the North America segment grew 29% to ₹3,260 crore but also registered a quarter-on-quarter decline of 3%, owing to a decrease in base business volumes and price erosion in select brands, the company said.

Price Action: Dr. Reddy’s Labs ended the session on Tuesday down 0.32% at ₹6,273.40.

Read Next: Hindalco Shares Down 3% Today But Several Brokerages Raise Targets

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EarningsEquitiesNewsMarketsMoversTrading IdeasDr. Reddy’s Laboratories