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Dr Reddy's Labs Q3 Profit, Revenue Rise

Dr Reddy's Laboratories Ltd. (DRREDDY) Thursday reported profit of INR 14.133 billion or INR 16.94 per share for the third quarter, higher than INR 13.789 billion or INR 16.54 per share in the same quarter a year ago.

Results from operating activities increased to INR 18.720 billion from INR 17.267 billion last year.

Revenue for the quarter grew to INR 83.586 billion from INR 72.148 billion in the previous year.

Commenting on the results, Co-Chairman & MD, G V Prasad said: "We delivered double digit growth aided by our newly acquired NRT business, new launches and improved operational efficiencies."

by RTTNews Staff Writer

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