Drug firm Dr Reddy's Laboratories today reported a 3.29 per cent fall in its consolidated net profit to Rs 302.2 crore for the fourth quarter ended March 31, 2018, mainly on account of continuing headwinds in the US.
The company had posted a net profit of Rs 312.5 crore for the corresponding period of the previous fiscal, Dr Reddy's Laboratories said in a filing to BSE.
Consolidated revenue of the company stood at Rs 3,534.9 crore for the quarter under consideration. It was Rs 3,554.2 crore for the same period a year ago.
For the fiscal year 2017-18, the company posted a net profit of Rs 980.6 crore as against Rs 1,203.9 crore for the year-ago period.
Consolidated revenue of the company stood at Rs 14,202.8 crore for the fiscal year ended March 2018. It was Rs 14,080.9 crore for the previous fiscal year.
Dr Reddy's Laboratories CEO and Co-chairman GV Prasad said, "We concluded a challenging year for Dr Reddy's with a relatively muted fourth quarter performance."
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