Dr. Reddy`s Labs Q1 net profit up 20.83% at Rs 499.50 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 499.50 crore for the quarter ended June 30, 2022 as compared to Rs 413.40 crore in the same period last year, registering a year-on-year growth of 20.83 per cent. Net revenue of the company rose by 5.30 per cent at Rs 3,615.60 crore in April-June quarter of this fiscal as against Rs 3,433.50 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 6.25 per cent to Rs 3,051.10 crore from Rs 2,871.60 crore in year ago period. Other Income grew by 116.65 per cent at Rs 403.40 crore versus (Jun'21 Rs 186.20 crore). Operating Profit surged by 3.13 per cent to Rs 579.50 crore as against Rs 561.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.08 per cent in June quarter. Interest grew by 50.77 per cent y-o-y to Rs 9.80 crore, while Taxation increased by 92.30 per cent at Rs 252.10 crore (Jun'21 Rs 131.10 crore).
