Dr Reddy’s Q2 net up 3 fold at Rs 240 cr

Pharma firm Dr Reddy's reported a near three-fold jump in its consolidated net profit at Rs 239.85 crore for the second quarter ended September 30,2009.

Pharma firm Dr Reddy’s reported a near three-fold jump in its consolidated net profit at Rs 239.85 crore for the second quarter ended September 30,2009.

The company had a net profit of Rs 86.64 crore in the September quarter previous fiscal,Dr Reddy’s said in a filing to the Bombay Stock Exchange.

Total income rose to Rs 1,887.25 crore during the July-September quarter of the current fiscal from Rs 1,629.57 crore in the corresponding period a year ago.

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On standalone basis the company posted two fold growth in net profit at Rs 197.06 crore. Total income rose to Rs 1,139.01 crore during the quarter under review from Rs 955.18 crore in the same period last financial year.

Shares of Dr Reddy’s were trading at Rs 950.15 on the BSE,up 5.09 per cent from previous close.

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Air India 171 crash: No ‘manipulation’ or ‘dirty business’ in investigation, AAIB is ‘thorough, transparent, independent’, says Aviation Minister Naidu

No ‘manipulation’ or ‘dirty business’ in AI 171 crash probe, says Aviation Minister Naidu

Business1 hr ago

The Aviation Minister K Ram Mohan Naidu assured a thorough and transparent probe into the Air India flight AI 171 crash by the AAIB. Pilot associations and the father of one of the pilots had raised concerns over the preliminary report, calling for a judicial investigation to restore integrity. The report damaged the pilot's reputation and the confidence of the public, an association alleged.

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