Dr Reddy's Labs Q1 net profit down 21.5% QoQ
Dr Reddy's Labs has reported a 21.5% fall in its first quarter FY12 net profit to Rs 263 crore against Rs 335 crore in the previous quarter, as per IFRS.
July 21, 2011 / 19:58 IST
Dr Reddy's Labs has reported a 21.5% fall in its first quarter FY12 net profit to Rs 263 crore against Rs 335 crore in the previous quarter, as per IFRS.
Net sales too declined nearly 2% to Rs 1,978 crore from Rs 2,017 crore quarter-on-quarter.Bottomline was way below expectations while topline was in-line - CNBC-TV18 expected net profit of Rs 281 crore and net sales of Rs 2,005 crore.EBITDA margin grew by 14% - lower as compared 15.6% growth in previous quarter. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
