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Dr Reddy’s Lab Q3 net profit dips 16% to Rs 492 cr

HYDERABAD, Feb 4:  Dr Reddy’s Laboratories today reported 15.94 per cent decline in consolidated net profit at Rs 492.3 crore for the third quarter ended December 31, 2016.
The Hyderabad-based firm had posted a net profit of Rs 585.7 crore in the year-ago period, it said in a BSE filing.
Net sales of the company declined to Rs 3,653.4 crore from Rs 3,910 crore during the same period last fiscal, Dr Reddy’s Laboratories said. (PTI)

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