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HomeBlogDRL Q2 net falls 15% despite revenue surge - Times of India

DRL Q2 net falls 15% despite revenue surge – Times of India

DRL Q2 net falls 15% despite revenue surge
This is a representational image (Pic credit: Lexica)

HYDERABAD: Pharma major Dr Reddy’s Laboratories on Tuesday reported a 15% drop in consolidated net profit for the Sept quarter, despite its quarterly revenues surpassing the Rs 8,000-crore mark for the first time, primarily due to price erosion in the US generic market. Consolidated net profit for Q2 fell to Rs 1,255 crore from Rs 1,480 crore a year ago.

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