Dr. Reddy’s Lab’s Q2FY23 Quarter Results

Dr. Reddy’s Lab’s revenues grew 6% YoY in Q2FY23.
  • 28 Oct 2022
  • Dr. Reddy’s Lab reported 5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended September (Q2FY23). On a year-on-year (YoY) basis, it witnessed a growth of 6%.
  • Its expenses for the quarter were up by 3% QoQ and 1% YoY.
  • The net profit increased by 79% QoQ and 80% YoY.
  • The earnings per share (EPS) of Dr. Reddy’s Lab stood at 67 during Q2FY23.

Dr. Reddy’s Lab’s Financial Statements for Q2FY23:

Rs, crores) Q2FY22 Q1FY23 Q2FY23 QoQ (%) YoY (%)
Total Income
5,992
6,087
6,373
5%
6%
Total Expenses
4,745
4,628
4,773
3%
1%
Profit before tax
1,273
1,468
1,614
10%
27%
Tax
277
279
499
79%
80%
Profit after tax
996
1,189
1,114
-6%
12%
Earnings per share
59.9
71.5
67.0

Data Source: BSE, Company announcements

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