Dr Reddy's Laboratories Q3 net up 87.80% at Rs 512.96 cr
Economists forecast that employers added a net 155,000 jobs last month and that the unemployment rate remained 8.5 percent for a second straight month, according to a survey by Factset.
Drug firm Dr Reddy's Laboratories today said its consolidated net profit rose by 87.80 per cent to Rs 512.96 crore in the third quarter ended December 31, 2011, vis-a-vis the corresponding year-ago period.
The company had posted a net profit of Rs 273.14 crore for the corresponding period of the previous fiscal, Dr Reddy's Laboratories said in a filing to the BSE.
The Hyderabad-based firm's net income from sales and services rose to Rs 2,769.19 crore in the third quarter ended December 31, 2011, from Rs 1,898.51 crore for the same period last fiscal.
For the nine months ended December 31, 2011, the company posted a net profit of Rs 1,083.50 crore, compared to Rs 769.51 crore for the same period last fiscal.
Shares of Dr Reddy's Laboratories were being quoted at Rs 1,670 apiece in late afternoon trade on the BSE today, up 2.13 per cent from their previous close.