Mumbai, Jul 29: Dr Reddy’s Labs has posted a decline of 12.6 per cent in its net profit at Rs 579.30 crore as against net profit at Rs.662.8 crore for the quarter ended June 30, 2019.
However, total income for the quarter ended June 30, 2020 at Rs 4417.50 crore during the as compared to Rs 3,843.5 crore for the quarter ended June 30, 2019.
Commenting on the results, Co-chairman & MD, G V Prasad said, “The current quarter’s financial performance has been strong across all parameter. lam glad that we have been able to serve our patients well and ensured continuity of business operations despite the challenging times. We have started integration of the acquired business from Wockhardt and executed two important licencing arrangements for treatment options for COVID-19. Currently, we are working towards bringing both these drugs to multiple markets”. (UNI)
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