Reuters logo
India Dr. Reddy's Dec quarter net profit fell 16 pct
February 4, 2017 / 8:43 AM / 7 months ago

India Dr. Reddy's Dec quarter net profit fell 16 pct

NEW DELHI, Feb 4 (Reuters) - Dr Reddy’s Laboratories Ltd , India’s second-largest drugmaker by sales, reported a 16 percent fall in its third quarter profit although it beat expectations.

The company reported a profit of 4.92 billion rupees ($73.24 million), while analysts, on average, expected a profit of 3.78 billion rupees, according to Thomson Reuters I/B/E/S.

Sales in North America, Dr Reddy’s largest market, fell 15 percent, while those in India were up 2.4 percent, the company said in a statement on Saturday.

$1 = 67.1750 Indian rupees Reporting by Nidhi Verma; Editing by Sam Holmes

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below