Dr Reddy’s Q4 PAT falls 76% YoY on impairment prices; misses estimates

Dr Reddy’s Laboratories, on Thursday, posted a 76 per cent year-on-year (YoY) decline in consolidated internet revenue at Rs 88 crores for the fourth quarter of monetary year (Q4FY22), lacking analyst estimates. This was resulting from impairment prices of Rs 751.5 crores through the quarter.

The company’s income got here at Rs 5,437 crores, up 15 per cent from final year, on robust development throughout all markets.

The company’s board additionally beneficial a ultimate dividend of Rs 30 per fairness share of face worth of Rs. 5 every for the monetary year 2021-22.

Co-Chairman and MD G.V.Prasad stated that inspite of a number of challenges, the company’s core business carried out properly, pushed by market share beneficial properties, some robust launches and productiveness enchancment.

Dr. Reddy’s stated the North America business grew 14 per cent YoY, Europe rose 12 per cent, and India 15 per cent. Largest improve was registered in rising markets at 36 per cent from final year.

The stock gained round 2 per cent outperforming the benchmarks, earlier than it erased beneficial properties partially.

Dear Reader,

Business Standard has all the time strived onerous to supply up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on tips on how to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough occasions arising out of Covid-19, we proceed to stay dedicated to maintaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nevertheless, have a request.

As we battle the financial impression of the pandemic, we want your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. More subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We imagine in free, truthful and credible journalism. Your help by extra subscriptions will help us practise the journalism to which we’re dedicated.

Support high quality journalism and subscribe to Business Standard.

Digital Editor

Back to top button