Dr Reddy's Labs has reported a 21.5% fall in its first quarter FY12 net profit to Rs 263 crore against Rs 335 crore in the year ago period, as per IFRS.
Net sales too declined nearly 2% to Rs 1,978 crore from Rs 2,017 crore year-on-year.
Bottomline was way below expectations while topline was in-line - CNBC-TV18 expected net profit of Rs 281 crore and net sales of Rs 2,005 crore.
EBITDA margin grew by 14% - lower as compared 15.6% growth in same quarter the previous year.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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