New Delhi, Jul 31 (PTI) Shares of Dr Reddy’s Laboratories Also Read - Monsoon Session Day 2: Lok Sabha Passes Essential Commodities Bill to Raise Farmer Income, Boost Agri Sector | Highlights
fell for the third straight session today, down over 3 per Also Read - 'Jammu And Kashmir to Reopen For Tourism Soon', Says J&K Administration
cent, after the drug firm reported a 56.61 per cent dip in Also Read - COVID-19: Centre Announces Guidelines For Unlock 2, Lockdown Till July 31 in Containment Zones
consolidated net profit for the June quarter.
The stock dipped 3.11 per cent to settle at Rs 2,385.50
on BSE. During the day, it lost 3.41 per cent to Rs 2,378 —
its 52-week low.
On NSE, shares of the company slipped 3.31 per cent to
end at Rs 2,383.20.
In the past three days, the stock has lost nearly 12 per
cent, wiping out Rs 5,398.96 crore from its market valuation.
Dr Reddy’s Laboratories on Thursday reported a 56.61 per
cent fall in consolidated net profit to Rs 66.6 crore for the
quarter ended June, mainly on account of lower revenues from
the US and impact of GST in India.
The company had posted a net profit after taxes and share
of profit of associates of Rs 153.5 crore for the same period
of the previous fiscal, Dr Reddy’s Laboratories had said in a
Consolidated net sales of the company stood at Rs 3,248.9
crore for the quarter under consideration. It stood at Rs
3,185.7 crore for the corresponding period a year ago.
This is published unedited from the PTI feed.