Subscribe To Our Free Newsletter |
Dr Reddy’s shares rise 4% on Q3 PAT jump but brokerages remain unmoved. Here’s why
The drug maker on Tuesday reported an 11% year-on-year (YoY) jump in net profit at Rs 1,379 crore for the quarter ended December 31, 2023, as against Rs 1,247 crore a year ago. The company said the net profit was led by new products and base business market share gain in the US, and also new launches and strong volumes in Europe. The Hyderabad-based firm's revenue rose 7% at Rs 7,215 crore as against Rs 6,770 crore crore in the year-ago period.