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Dr Reddys Q3 net at Rs 503 cr, revenues cross USD one bn
Publish Date : 1/23/2007 8:17:00 AM Source : Business News ExpressNewsline.com
Hyderabad-based pharma major Dr Reddys Laboratories today reported a net profit of Rs 503.49 crore for the quarter ended December 31, 2006, while its overall revenues crossed the one billion dollar mark on the back of two major acquisitions.
The company said its total income (net of excise) of the at the end of the December quarter stood at Rs 1212.11 crore, while the same was recorded at Rs 532.22 crore for the quarter ended December 31, 2005, Dr Reddy's informed the BSE.
"For the first time in the history of Dr Reddys, we have crossed USD 1 billion in revenues. Starting as an API manufacturer addressing the Indian market over the last 22 years, Dr Reddys has grown into a vertically integrated global pharmaceutical company with activities spanning the entire pharmaceutical value chain," Dr Reddys CEO GV Prasad said.
The consolidated results of the current quarter include the results acquisitions of Germany's Betapharm and Roche group company, Industrias Quimicas Falcon de Mexico, therefore, not comparable with the previous period, DRL said.
The group posted a net profit of Rs 105.63 crore for the quarter ended December 31, 2006, whereas the same was at Rs 63.72 crore for the quarter ended December 31, 2005.
Consolidated total income (net of excise) of the group was Rs 1521.48 crore for the quarter ended December 31, 2006, while the same was at Rs 620.60 crore for the quarter ended December 31, 2005.
Harvard students condemn Oxford University
Publish Date : 3/5/2007 7:11:00 AM
Two Harvard students, including an NRI, have condemned Oxford University, where they are Rhodes scholars, as "outdated" and "frustrating" and dismissed its world famous Bodleian library as "less than inspiring".
Indian embassy to outsource jobs to American firm
Publish Date : 3/5/2007 7:10:00 AM
After taking thousands of American jobs through outsourcing, India is planning to give a few back. The Indian embassy in the US capital is planning to outsource processing of visas to a US-based company.
Badal heads 18-member coalition ministry in Punjab(Final lead: Badal)
Publish Date : 3/3/2007 7:29:00 AM
Octogenarian leader of the Shiromani Akali Dal (SAD) Parkash Singh Badal, on Friday took oath as Punjab's new Chief Minister and will lead an 18-member SAD-Bharatiya Janata Party (BJP) coalition ministry.
Bareilly eunuch adopts a girl child
Publish Date : 3/3/2007 7:22:00 AM
It was a day of celebration for Saroj, a eunuch in Bareilly in Uttar Pradesh, as 'she' has become a 'mother' by adopting a baby girl.
Kalam offers prayer at Fatehpuri Masjid
Publish Date : 3/3/2007 7:16:00 AM
Keeping a promise made two years ago, President A P J Abdul Kalam today offered prayers at the historic Fatehpuri Masjid in Chandni Chowk here along with thousands of Muslims.
Union Budget directionless, says Modi
Publish Date : 3/1/2007 8:41:00 AM
Gujarat Chief Minister Narendra Modi today criticised the Union Budget by terming it as "directionless".
Centre allocates over Rs 100 crore for minority zones
Publish Date : 3/1/2007 8:38:00 AM
Unfazed by the BJP's criticism over its welfare schemes for Muslims, the Congress-led Central Government has allocated over Rs 100 crore for development programmes in select districts with a sizeable population of minorities.
Kins of political bigwigs fail to find voters' favour
Publish Date : 3/1/2007 8:27:00 AM
The assembly polls in Punjab turned out to be unkind for several kins of political bigwigs as voters rejected most of them barring some of Shiromani Akali Dal (SAD) supremo Parkash Singh Badal's near and dear ones.
High Court order on age of nursery admission tomorrow
Publish Date : 3/1/2007 8:24:00 AM
The Delhi High Court today observed that the city Government's submission that a child should be four-years-old to get admission in nursery class was contrary to the law.
Parliament session may be stormy tomorrow on Quattrocchi issue
Publish Date : 3/1/2007 8:18:00 AM
After the lull, it is going to be storm again in Parliament tomorrow.
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