Dr Reddy’s share price trades flat ahead of Q4FY23 results; check details

Dr Reddy’s share price trades flat ahead of its Q4FY23 (January-March) results on Wednesday. The stock opened at the intraday high level of 4,931.50 per share on NSE.

Dr Reddy’s Laboratories is anticipated to release a good set of financial results for the quarter ended March 31, 2023. According to Zed Business Research, the pharmaceutical business is expected to record a 13% year-over-year (YoY) increase in its consolidated revenue to 6,174 crore from 5,475 crore logged in Q4FY2023.

The company announced a increase in net profit of 77% to 1,247 crore for the quarter that ended in December. In the past fiscal year’s December quarter, its net profit was 706,5 crore. Compared to Q3FY22, its overall operational income increased by 27% to 6770 crore.

The shares of the company 

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