Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
Budget & You Live : Real-Time Analysis Of All The FM’s Big Announcements
Budget 2023
Budget 2023

Dr Reddy’s Q3 net profit up 3,468% at Rs 707 crore

We delivered a steady performance in Q3 with healthy EBITDA and strong cash generation, while continuing to invest in building a pipeline of products across businesses, said co-chairman and managing director GV Prasad.

January 28, 2022 / 07:01 PM IST
Pharma (Representational image: Shutterstock)

Pharma (Representational image: Shutterstock)

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Generic drug maker Dr Reddy’s Laboratories on Friday, January 28, reported a 3,468% surge in net profit to Rs 707 crore in the quarter ended December from a year ago as it benefited from a steep fall in impairment, amortisation and depreciation charges.

Profit after tax in the third quarter of the financial year rose from Rs 19.8 crore in the same period the previous year. Revenue increased 8% from a year ago to Rs 5,320 crore, the Hyderabad-based company said.

On a sequential basis, profit declined 29 percent from Rs 992 crore in the three months ended September.

“We delivered a steady performance in Q3 with healthy EBITDA and strong cash generation while continuing to invest in building a pipeline of products across businesses,” said co-chairman and managing director GV Prasad.