Dr Reddy’s Labs Q3 Results: Dr. Reddy’s Laboratories Limited has released its Q3 FY25 results today, January 23. In the October-December quarter, the company’s net profit has increased by 2.5 percent on an annual basis. The company has earned a profit of Rs 1413 crore during this period. In the same quarter last year, this figure was Rs 1381 crore. The shares of the company have fallen by 0.54 percent today and the stock closed at Rs 1289.35 on BSE. The company has released the results after the market closed.
Dr Reddy’s Labs’ revenue increased by 16 percent
Dr Reddy’s Labs’ December quarter revenue increased 16 per cent year-on-year to Rs 8358.6 crore. In the same quarter last year, the company had registered a revenue of Rs 7237 crore. The company’s profits were driven by its recently acquired NRT business.
Dr Reddy’s Labs results better than expected
The company has presented better results than market expectations. The Moneycontrol poll had estimated that the company’s net profit would be flat at Rs 1369 crore on an annual basis. At the same time, the revenue was expected to increase by 10 percent to Rs 7980 crore.