Dr Reddy's Laboratories Net Profit Rises 30% To Rs 992 Crore In September Quarter

Dr Reddy's Q2 Results: The pharma major's revenue from operations in the second quarter of the current fiscal stood at Rs 5,763 crore, compared to Rs 4,896 crore in the same quarter last year

Dr Reddy's Laboratories announced its July-September quarter results for the financial year 2021-22, reporting a net profit of Rs 992 crore on a consolidated basis, compared to Rs 762 crore in the corresponding quarter last year, marking a growth of 30 per cent year-on-year.

The pharmaceutical major's revenue from operations in the second quarter of the current fiscal stood at Rs 5,763 crore, compared to Rs 4,896 crore in the same quarter last year, registering a growth of 18 per cent year-on-year.

''....while we continue to strengthen our core businesses of generics and AP ls, we are also making investments in our long-term growth drivers and deeper innovation capabilities. Our focus remains on meeting unmet patient needs around the world in keeping with our purpose,'' said Mr G V Prasad, Co-Chairman & MD, Dr Reddy's.

The Hyderabad-based company's consolidated operating profit rose 23 per cent on-year to Rs 1,557.2 crore, while its operating margin expanded 110 basis points on-year to 27 per cent.