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Dr Reddy's posts 29% decline in PAT - Views on News from Equitymaster
 
 
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  • Oct 21, 1999

    Dr Reddy's posts 29% decline in PAT

    Dr Reddy's continues to suffer on account of its exposure to the Russian market. Other factors that contributed to the decline in total income was the decline in sales of bulk drugs. The company, however, recorded a robust growth of 26% in sales of formulations.

    (Rs m) 2QFY2000 2QFY1999 Change
    Net Sales 1,136 1,095 3.7%
    Other Income 10 2 352.0%
    Expenditure 936 875 6.9%
    Interest 20 25 -18.4%
    Depreciation 41 29 44.2%
    Profit before Tax 140 169 -17.1%
    Tax 20 - NM
    Profit after Tax 120 169 -29.0%
    Net profit margin 10.5% 15.4%  

     

     

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