Dr Reddy's Lab posts Q3 net profit of Rs 273.14 cr

Drug firm Dr Reddy's Laboratories Tuesday posted a consolidated net profit of Rs 273.14 crore for the third quarter ended December 31, 2010.

New Delhi: Drug firm Dr Reddy's Laboratories Tuesday posted a consolidated net profit of Rs 273.14 crore for the third quarter ended December 31, 2010.
     
The company had a net loss of Rs 521.70 crore in the same period last fiscal, Dr Reddy's Laboratories said in a statement.
     
The company's net income from sales and services stood at Rs 1898.51 crore for the third quarter ended December 31, while the same was Rs 1729.64 crore in the same period last fiscal.
     
On a standalone basis, the company posted a net profit Rs 262.77 crore for the third quarter ended December 31, 2010, up 56.02 percent, as compared to Rs 168.42 crore in the same period previous fiscal.
     
Shares of Dr Reddy's Laboratories were today trading at Rs 1,598 on Bombay Stock Exchange in the late afternoon trade, down 2.30 percent from its previous close.

PTI

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