Dr Reddy’s Laboratories Q4 net dips 34%

Dr Reddy's Laboratories said its net profit declined to Rs 165.87 crore in the fourth quarter.

Drug firm Dr Reddy’s Laboratories today said its net profit declined by 34.48 per cent to Rs 165.87 crore in the fourth quarter (Q4 result) ended March 31,2011.

The company had posted a net profit of Rs 253.16 crore for the same period in the previous fiscal,Dr Reddy’s Laboratories said in a filing to the Bombay Stock Exchange (BSE).

Net sales of the company for the quarter ended March 31,2011,stood at Rs 1,318.71 crore,compared to Rs 1,152.37 crore for the corresponding quarter of the previous fiscal.

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For the year ended March 31,2011,the company posted a net profit of Rs 893.31 crore,compared to Rs 846.08 crore in the previous fiscal.

Net sales of the company for the year ended March 31,2011,stood at Rs 5,218.04 crore,as against Rs 4,401.13 crore in the previous fiscal.

The Hyderabad-based firm posted a consolidated net profit of Rs 1,104 crore for the year ended March 31,2011,compared to Rs 106.76 crore in the previous fiscal.

The company’s consolidated net income from sales and services for the year stood at Rs 7,469.28 crore,compared to Rs 7,027.65 crore in the previous fiscal.

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The company’s board has recommended a final dividend of Rs 11.25 (225 per cent) for the financial year 2010-11.

Shares of Dr Reddy’s Laboratories were being quoted at Rs 1,652 apiece in late afternoon trade on the BSE today,up 3.08 per cent from their previous close.