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Pharmaceutial firm Dr Reddy's Laboratories is expected to report a profit after tax of Rs 425 crore in the third quarter of FY12, a massive growth of 55.5% as compared to Rs 273 crore in a year ago quarter.
Pharmaceutical companies are expected to report healthy 15-25% year-on-year revenue growth in the third quarter, helped by new launches especially in the US and strong demand for generic drugs.
KRChoksey has come with its December quarterly earning estimates for Pharma sector. According to the research firm, Q3FY12 is expected to be a strong quarter in terms of top-line growth mainly due to improved performance in the Indian pharmaceutical market, launch of limited competitive products in the US market & rupee depreciation.
Emkay Global Financial Services has come with its December quarterly earning estimates for pharmaceutical sector. According to the research firm the sector is expected to report a growth of 18% YoY (5% QoQ) in revenues partly driven by Rupee depreciation which is likely to be 4-5% of the overall growth.
After a sluggish first quarter, pharma universe reported some encouraging numbers in the second quarter. This is with some support from stable growth in certain geographies but inflationary pressures taking a test on the other hand report CNBC-TV18's Archana Shukla.
G V Prasad, VC & CEO, Dr Reddy's Laboratories tells CNBC-TV18 that North America, Russia and the Pharmaceuticals Services and Active Ingredients (PSAI) segment led to the stupendous growth in the business.
Dr Reddy's Labs (DRL) is expected to report a profit after tax of Rs 270 crore for the second quarter of FY12, a fall of 6% as compared to Rs 286.8 crore in the corresponding quarter of last fiscal.
KR Choksey has come out with its earning estimates on Pharma sector for the quarter ended September 2011. According to the research firm, Dr. Reddys September quarter net sales are expected to go up by 7% at Rs 2008 crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on pharma sector for the quarter ended September 2011. According to the research firm, Dr Reddys Lab September quarter net sales are expected to go up by 7.6% at Rs 2,013 crore, year-on-year, (YoY) basis.
In an interview with CNBC-TV18, GV Prasad, vice-chairman & CEO of DRL spoke about the company's quarterly performance and future plans.
Reacting on the numbers in the press conference, company's vice chairman and CEO GV Prasad said that it was a good quarter in terms of growth; the company grew by 18%, reports CNBC-TV18’s Ekta Batra.
Dr Reddy's Labs is expected to report a 34% rise in its first quarter FY12 profit after tax to Rs 281 crore against Rs 209.6 crore in the year ago period, as per IFRS.
Pharmaceutical sector has been in the pink of health this year with most stocks outperforming the broader market since the beginning of April. However, there could be some suffering ahead.
KRChoksey has come out with its earning estimates on pharma sector for the quarter ended June 2011. According to the research firm, Dr Reddys June quarter sales are expected to go up by 19% at Rs 2000 crore, year-on-year, (YoY) basis.
PINC Research has come out with its earning estimates on pharma sector for the quarter ended June 2011. According to the research firm, Dr Reddys Laboratories' June quarter net revenues are expected to go up by 9.4% at Rs 1840.8 crore, year-on-year, (YoY) basis.
GV Prasad, Vice Chairman and CEO, Dr Reddys Laboratories in an interview with CNBC-TV18 spoke about the quarterly numbers of the company and the road ahead.
Motilal Oswal has come out with its earning estimates on Pharmaceuticals sector for the quarter ended March 2011. According to the research firm, Dr Reddy’s Labs March quarter sales are expected to go up by 9.5% at Rs 1798.4 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on pharma sector for the quarter ended March 2011. According to the research firm, Dr Reddys Laboratories March quarter sales are expected to go up by 22% at Rs 1,997 crore, year-on-year, (YoY) basis.
Speaking to CNBC-TV18 on the quarter gone by, GV Prasad, Vice Chairman & CEO, Dr Reddy Laboratories said operating expenses have increased due to one-time litigation costs.
Dr Reddy's Labs (DRL) is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to be at Rs 301 crore as against loss of Rs 521.7 crore on year-on-year basis, as per International Financial Reporting Standards (IFRS).
Angel Broking has come out with its earning estimates on the pharmaceutical sector for the quarter ended December 2010. According to the research firm, Dr Reddys Laboratories December quarter net sales are expected to go up by 10.8% to Rs 1,917 crore, Year-on-Year, (Y-o-Y) basis.
Emkay Global Financial Services has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Dr Reddy December quarter sales are expected to go up by 20.3% to Rs 2081.2 crore, Year-on-Year, (Y-o-Y) basis.
KRChoksey has come out with its earning estimates on pharma sector for the quarter ended December 2010. According to the research firm, Dr. Reddys December quarter sales are expected to go up by 11% to Rs 2050 crore, Year-on-Year, (Y-o-Y) basis