Dr Reddy’s Laboratories Ltd’s on Monday reported a consolidated net loss of ₹569.7 crore on higher expense. The company posted a net loss of ₹569.70 crore for the third quarter ended December 31, against ₹485 crore in the previous-year period. A Bloomberg poll of 26 analysts had estimated a net profit of ₹492.10 crore. Total revenue grew 13.86% to ₹4383.8 crore for the quarter crore from ₹3,850 crore same quarter last year. For the nine months, net profit decreased 18% at ₹1185.6 crore.

Source: Mint January 27, 2020 07:52 UTC