Dr Reddy's Q2 net dips 45% to Rs 51 cr

BS 200 SCORECARD

Dr Reddy's Laboratories Ltd today reported another quarter of disappointing results. Second quarter net profit fell sharply by 45 per cent owing to higher expenditure on research costs and sliding sales. Net profit for the quarter was Rs 51 crore compared with Rs 93 crore for the same quarter last year.

Revenues for the second quarter at Rs 540 crore was almost flat and represented a 0.6 per cent increase over the Rs 537 crore it recorded in the corresponding period last year.