Stock Market News 2024-07-27
3 news published.
In today's market highlights, Dr. Reddy's Laboratories (RDY) unveiled robust financial results for Q1FY25, showcasing a revenue increase of 14% YoY to ₹76,727 million. This growth reflects a strong performance in its Global Generics segment, particularly in North America and India. Key metrics from the report included:
- Gross Margin: improved to 60.4%
- EBITDA: ₹21,599 million (28.2% of revenues)
- Profit after Tax: ₹13,920 million (down 1% YoY, up 7% QoQ)
Additionally, Dr. Reddy’s continues to invest strategically in areas such as biologics and consumer healthcare, highlighted by their recent acquisition of Nicotinell® brands and partnerships with industry leaders like Novartis and Alvotech for product commercialization. Read More
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