Dr Reddy's Labs PAT rises 33 percent to Rs 1482 crore in Q2

Published On 2023-10-28 08:00 GMT   |   Update On 2023-11-01 10:44 GMT
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Hyderabad: Dr Reddy's Laboratories has reported a 33.02 per cent increase in consolidated profit after tax at Rs 1,482.2 crore in the second quarter ended September 30, led by the US generics market. The company had posted a consolidated profit after tax of Rs 1,114.2 crore in the same quarter a year ago, Dr Reddy's Laboratories Ltd (DRL) said in a regulatory filing.

The consolidated total revenue from operations was at Rs 6,902.6 crore, up 9 per cent, compared to Rs 6,331.8 crore in the year-ago period.
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DRL's total expenses in the September quarter were up 11.14 per cent to Rs 5,305.1 crore.
Total income of DRL in the September quarter was at Rs 7,217.6 crore, up 13.25 per cent.
"We delivered another quarter of strong results with highest ever sales and profits, driven by market share gains & momentum in our US generics business and robust growth in Europe.
"We are continuing to strengthen our pipeline both organically and through business development to drive growth and create differentiation," Co-Chairman & MD, G V Prasad said.
DRL's global generics posted a revenue of Rs 6,113 crore in Q2, up 9.14 per cent from the year-ago quarter, driven by North America, emerging markets and Europe.
North America's revenue was at Rs 3,170 crore, a growth of 13 per cent, while that of Europe was at Rs 528.6 crore, with a growth of 26 per cent, the company said
While its revenue from 'Pharmaceutical Services and Active Ingredients' was at Rs 962.5 crore, up 16.95 per cent, as against Rs 823 crore, a year before.

Established in 1984, Dr. Reddy’s Laboratories Ltd. is a global pharmaceutical company headquartered in Hyderabad, India. The company offers a portfolio of products and services including APIs, generics, branded generics, biosimilars and OTC. Its major therapeutic areas of focus are gastrointestinal, cardiovascular, diabetology, oncology, pain management and dermatology. Dr Reddys major markets include – USA, India, Russia & CIS countries, China, Brazil and Europe.

Read also: Dr Reddy's Gets CDSCO Panel Nod to Study Antidiabetic FDC Empagliflozin, Sitagliptin, Metformin tablet

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