Dr Reddy'S Laboratories announced a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 9.29 times to Rs 6,027.50 million from Rs 648.60 million in the same quarter previous year.
Net sales for the quarter surged 47.70% to Rs 26,904.80 million, compared with Rs 18,216 million for the prior year period.
Earnings per share for the quarter stood at Rs 35.26, registering 9.28 times growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 26,904.80 | 18,216.20 | 47.70 |
Net Profit | 6,027.50 | 648.60 | 829.31 |
Basic EPS | 35.26 | 3.80 | 827.89 |
Shares of the company gained Rs 58.6, or 2.12%, to trade at Rs 2,825.30. The total volume of shares traded was 23,194 at the BSE (2.02 p.m., Wednesday).