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Dr Reddy's Labs reports marginal decline in profit in Q1
![Dr Reddys Labs reports marginal decline in profit in Q1 Dr Reddys Labs reports marginal decline in profit in Q1](https://medicaldialogues.in/h-upload/2024/01/20/750x450_230651-dr-reddys-new-50.webp)
New Delhi: Dr Reddy's Laboratories reported a marginal decline in its consolidated profit after tax (PAT) for the first quarter ending June 30, 2024. The company's PAT stood at Rs 1,392 crore, down from ₹1,402 crore recorded in the same period of the previous fiscal year.
In a regulatory filing, Dr Reddy's revealed that its revenue for the quarter reached ₹7,673 crore, marking an increase from ₹6,738 crore in the corresponding quarter of the previous year.
Read also: Dr Reddy's Labs gets positive EMA Committee opinion for proposed Rituximab biosimilar
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751