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 year ago period, as per IFRS. Net sales too declined nearly 2% to Rs 1,978 crore from Rs 2,017 crore year-on-year. Its bottomline was way below expectations while topline was in-line. Its EBITDA margin grew by 14%, lower as compared to 15.6% growth in same quarter the previous year.
Also read: Dr Reddy's Labs Q1 net profit down 21.5% at Rs 263 crore Reacting on the numbers in the press conference, companyDiscover 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!
