Dr Reddy’s Q1 PAT seen up 5.4% YoY to Rs 626.7 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Healthcare sector. The brokerage house expects Dr Reddy’s to report net profit at Rs 626.7 crore up 5.4% year-on-year (up 12.5% quarter-on-quarter).

Net Sales are expected to increase by 10.9 percent Y-o-Y (up 3 percent Q-o-Q) to Rs 4,910.8 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 4.1 percent Y-o-Y (up 2.1 percent Q-o-Q) to Rs 1,075.4 crore.

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