Dr Reddy’s Q4 net up 44% to Rs 434 cr, annual profit doubles to Rs 1,879 cr

Hyderabad: Dr Reddy's Laboratories Limiteds consolidated profit after tax for the quarter-ended 31 March, 2019 was up by 44 percent at Rs 434.4 crore against Rs 302.2 crore in the third quarter of FY 18, a senior official of the city-based drug maker said on Friday.

President, CFO and global head (HR) of Dr Reddys Saumen Chakraborty in a press conference said the revenue for the quarter under discussion was up by 14 percent at Rs 4,017 crore against Rs 3,535 crore in the same quarter last fiscal.

During the last quarter, the company entered into an agreement with Encore Dermatology, Inc. for sale and assignment of US rights relating to three of its dermatology brands.