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Dr Reddy's December Quarter Net Profit Falls 16 Per Cent
Sales in North America, Dr Reddy's largest market, fell 15 percent, while those in India were up 2.4 percent, the company said in a statement
Photo Credit :
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Dr Reddy's Laboratories Ltd, India's second-largest drugmaker by sales, reported a 16 percent fall in its third quarter profit although it beat expectations.
The company reported a profit of 4.92 billion rupees ($73.24 million), while analysts, on average, expected a profit of 3.78 billion rupees, according to Thomson Reuters I/B/E/S.
Sales in North America, Dr Reddy's largest market, fell 15 percent, while those in India were up 2.4 percent, the company said in a statement on Saturday.
The company reported a profit of 4.92 billion rupees ($73.24 million), while analysts, on average, expected a profit of 3.78 billion rupees, according to Thomson Reuters I/B/E/S.
Sales in North America, Dr Reddy's largest market, fell 15 percent, while those in India were up 2.4 percent, the company said in a statement on Saturday.