Indian drug giant Dr Reddy's Q2 profit up 69%

October 31, 2013

India's second-largest drugmaker Dr Reddy's Laboratories on Tuesday reported a 69.4 percent jump in quarterly net profit, as profit margins rose helped by improved sales.

Dr Reddy's consolidated rose to 6.90 billion rupees ($112 million) for the three months to September, from 4.07 billion rupees a year earlier.

The company, also listed on the New York Stock Exchange, said total revenues rose 17 percent to 33.6 billion rupees, as North American sales surged 43 percent while Russian revenues jumped 44 percent.

The company's gross profit margin rose to 28.3 percent compared to 25.9 percent in the same period last year.

During the quarter, the Hyderabad-based firm launched 19 new generic products and filed 13 new product registrations.

Explore further: India's HCL profit jumps 43%, shares gain

Related Stories

India's HCL profit jumps 43%, shares gain

January 17, 2012

India's fourth-biggest software services firm, HCL, Tuesday posted a 43 percent jump in quarterly net profit, beating forecasts, thanks to stronger outsourcing demand and a weak rupee.

India's Wipro Q2 profit up 29%, beats forecasts

October 22, 2013

India's third-largest software firm Wipro on Tuesday reported quarterly net profit climbed 29 percent year-on-year, led by a jump in outsourcing orders as global business conditions improved.

India's Wipro shares tumble as revenue lags

October 23, 2013

Shares in India's third largest IT outsourcer Wipro slumped more than eight percent on Wednesday, a day after it announced modest revenue growth that lagged rivals, analysts said.

Recommended for you

Sustaining biomedical research: Med school deans speak out

May 27, 2015

Cuts in federal support and unreliable funding streams are creating a hostile work environment for scientists, jeopardizing the future of research efforts and ultimately clinical medicine, according to leaders of the nation's ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.