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Dr Reddy's Q4 profit falls 19 % on US headwinds, revenue drops to Rs 14 bn

Revenue from its generics business in Europe plunged 17 per cent largely due to supply disruptions


Indian generic drugmaker Dr. Reddy's Laboratories Ltd posted a 19 percent drop in quarterly net profit on Tuesday, missing analysts' estimates, pulled down by headwinds in the US market. The company's net profit, for the quarter ended March 31, came in at 2.72 billion rupees ($39.98 million), compared with 3.38 billion rupees a year earlier, the company said Nineteen analysts on average expected a net profit of 3.59 billion rupees, according to Thomson Reuters ...

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First Published: Tue, May 22 2018. 15:25 IST