Dr.Reddy's first-quarter profit slumps 57 percent
- By Reuters |
- Jul 27, 2017
- Last Updated at 14:35 IST
REUTERS - Dr.Reddy's Laboratories Ltd <REDY.NS> reported a 57 percent slump in its first-quarter profit as regulatory hurdles and pricing pressures in its biggest market, the United States, dragged on the drugmaker's earnings.
The company, among India's top 5 drugmakers, reported a net profit after tax and share of profit of associates of 666 million rupees ($10.39 million), versus 1.54 billion rupees a year ago, the company said on Thursday. (http://bit.ly/2v0Cmee)
Shares of the drugmaker were trading down 1.2 percent on the National Stock Exchange in afternoon trade.
($1 = 64.1225 Indian rupees)
(Reporting by Vishal Sridhar in Bengaluru; Editing by Himani Sarkar)
RELATED NEWS
Posted on 23- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
Posted on 21- Sep- 2018
Posted on 19- Sep- 2018
Posted on 19- Sep- 2018
Posted on 19- Sep- 2018
Posted on 19- Sep- 2018
Posted on 18- Sep- 2018
The Big Stories
OPEC, Russia reject Trump's call for immediate boost to oil output... Read More
RBI and SEBI ready to act to calm markets: statement... Read More
Google tweaks privacy policy for Indian payment app after Paytm complaint... Read More
Receding trade fears propel world shares to six-month peak... Read More
Modi faces calls for resignation over Rafale jet deal... Read More
Iran oil minister says hopes OPEC will not follow U.S. orders: SHANA... Read More
LIVE ADVISORY
TESTIMONIALS
SACHIN PATEL
Good performance services ..Keep up the good work!!! Really appreciate your effort.
SACHIN PATEL
Good performance services ..Keep up the good work!!! Really appreciate your effort.
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advis... Read More
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advisorymandi,com teaches us, how to trade in share market in proper way. Personalized services also tell you about your services like, phone calls, reminders & other suggestions are really very appreciable with polite conversations. Outstanding team effort as they are very cooperative , polite and helps in sorting out problems and queries in best possible manner.
SHAKTI
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG... Read More
SHAKTI
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG THANKS for their virtuoso services.
ADITYA
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It... Read More
ADITYA
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It is a best Platform for a beginner who has just started trading. Employee of advisorymandi are very friendly. They are always ready for you to help in any condition. From my opinion every beginner who wants to be a successful trader , they the should join "ADVISORYMANDI.COM"
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL... Read More
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL DONE!! ADVISORYMANDI.COM AND TEAM
OPINION POLL
Will Nifty touch 12000 in September Series?
- Yes
- No
- Can't Say
