The company had posted a net profit of Rs 550.39 crore for the corresponding quarter of the previous fiscal, Dr Reddy's Laboratories said in a BSE filing.
Consolidated net income from sales and services also rose to Rs 3,757.76 crore for the quarter under review as against Rs 3,517.54 crore for the same period year ago.
Dr Reddy's Co-Chairman and CEO G V Prasad said: "Our first quarter results, with YoY growth of 7 per cent in top-line and 14 per cent in bottom-line reflects healthy performance.
Shares of Dr Reddy's were trading at Rs 3,886.10 per scrip in the afternoon trade on BSE, up 4.66 per cent.
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