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    HomeNewsBusinessEarningsDr Reddy's Labs Q1 net profit down 21.5% QoQ

    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
     
     
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    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.

    first published: Jul 20, 2011 02:39 pm

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