Dr. Reddy’s net profit declines by 76% to Rs 153 crore
The pharma company reported consolidated net profit of Rs 153.5 crore in Q1FY17, registering a massive 76.28% yoy(year-on-year) decline. However, the current profit grew by 25.20% compared to preceding quarter.
The top-line and bottom-line both were impacted by decline in volume mainly in US market. Photo: Pixabay