News Details

( As on 25/01/2023 17:10)

Dr. Reddy's Labs Q3 net profit down 4.84% at Rs 324.60 cr

The company reported standalone net profit of Rs 324.60 crore for the quarter ended December 31, 2022 as compared to Rs 341.10 crore in the same period last year, registering a year-on-year decline of 4.84 per cent.

Net revenue of the company rose moderately by 12.01 per cent at Rs 3,897.60 crore in October-December quarter of this fiscal as against Rs 3,479.60 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 12.45 per cent to Rs 3,222.50 crore from Rs 2,865.60 crore in year ago period.

Other Income dipped by 18.41 per cent at Rs 51.40 crore versus (Dec'21 Rs 63.00 crore).

Operating Profit surged by 9.95 per cent to Rs 675.10 crore as against Rs 614.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.87 per cent in December quarter.

Interest declined by 63.64 per cent y-o-y to Rs 2.80 crore, while Taxation increased by 30.54 per cent at Rs 160.30 crore (Dec'21 Rs 122.80 crore).