Dr Reddy's Q2 beats estimates, net soars 69.4% to Rs 690 cr

Written By Unknown on Kamis, 31 Oktober 2013 | 16.02

Oct 31, 2013, 02.24 PM IST

Revenues, too, grew 16.5 percent higher-than-expected to Rs 3,357.4 crore during second quarter from Rs 2,880.9 crore in a year ago period.

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Dr Reddy's Q2 beats estimates, net soars 69.4% to Rs 690 cr

Revenues, too, grew 16.5 percent higher-than-expected to Rs 3,357.4 crore during second quarter from Rs 2,880.9 crore in a year ago period.

Like this story, share it with millions of investors on M3

Dr Reddy's Q2 beats estimates, net soars 69.4% to Rs 690 cr

Revenues, too, grew 16.5 percent higher-than-expected to Rs 3,357.4 crore during second quarter from Rs 2,880.9 crore in a year ago period.

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Moneycontrol Bureau

Hyderabad-based Dr Reddy's Laboratories surpassed analysts' expectations with consolidated net profit growing 69.4 percent year-on-year to Rs 690.3 crore in three-month period ended September 2013.

Revenues also grew 16.5 percent higher-than-expected to Rs 3,357.4 crore during second quarter from Rs 2,880.9 crore in a year ago period.

According to a CNBC-TV18 poll, analysts on an average had expected the healthcare company to report net profit of Rs 498 crore on revenues of Rs 3,340 crore for the quarter.



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