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Dr Reddy's Q2 net doubles to Rs 1,092 cr on one-off gains, revenues up 26%

Better top-lines numbers come in despite a flattish growth in the firm's US business.

Pharma
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BS Reporter Hyderabad
Riding on one-off gains, drug major Dr Reddy's Laboratories Limited has reported a 33 per cent jump in profit before tax, at Rs 766.4 crore, while its post-tax profit more than doubled to Rs 1,092.5 crore for the quarter ended September 2019. Th epre- and post-tax profit figures in the corresponding quarter the previous year were Rs 578 crore and Rs 503.8 crore respectively.

The company has reported a 26 per cent rise in revenues, at Rs 4,801 crore for the quarter under review, from Rs 3,797.8 crore in the year-ago period despite a flattish growth in the US business.

The company's