Dr Reddy's net profit surges 107%

Dr-Reddy-LaboratoriesDr Reddy's Laboratories, leading pharmaceutical company has clocked a substantial growth of 107% in its net profit which stood at Rs 217.3 crore for the second three month period ended September 2009.

During the similar period last year, company's net profit figure stood at Rs 105.2 crore.

Revenues of the company during the said quarter grew 13.72% to Rs 1,836.8 crore, as compared to Rs 1,615.1 crore in the similar quarter previous year.

As per official sources, company's revenues from Germany have witnessed a dip of 21 per cent in the second three month period of Financial Year 2010 to Rs 220 crore, as compared to Rs 280 crore in Q2 Financial Year 2009.

Dr Reddy's scrip ended the day with decent gain. The stock went up to Rs 960 on NSE during trading session. The stock gained over 5.5 per cent as against the previous close of Rs 904.10