Dr Reddy#39;s Laboratories share price falls 3% post June quarter result

Stocks

The share touched a 52-week high of Rs 5,613.65 and a 52-week low of Rs 3,963.85 on 07 July, 2021 and 27 July, 2020, respectively.

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var titStr=”;var editw=”; var typevar=”; var pparr= new Array(‘Monitoring your investments regularly is important.’,’Add your transaction details to monitor your stock`s performance.’,’You can also track your Transaction History and Capital Gains.’); var phead =’Why add to Portfolio?’; if(secglbVar ==1) { var stkdtxt=’this stock’; var fltxt=’ it ‘; typevar =’Stock ‘; if(lastRsrs.length>1){ stkdtxt=’these stocks’; typevar =’Stocks ‘;fltxt=’ them ‘; } } //var popretStr =lvPOPRHS(phead,pparr); //$ (‘#poprhsAdd’).html(popretStr); //$ (‘.btmbgnwr’).show(); var tickTxt =’‘; if(typparam1==1) { var modalContent = ‘Watchlist has been updated successfully.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //var existsFlag=$ .inArray(‘added’,newappndStr[1]); //$ (‘#toptitleTXT’).html(tickTxt+typevar+’ to your watchlist’); //if(existsFlag == -1) //{ // if(lastRsrs.length > 1) // $ (‘#toptitleTXT’).html(tickTxt+typevar+’already exist in your watchlist’); 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//$ .each(d.ac,function(i,v) //{ // accStr+=”+v.nm+”; //}); $ .each(d.data,function(i,v) { if(v.flg == ‘0’) { var modalContent = ‘Scheme added to your portfolio.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //$ (‘#acc_sel_port’).html(accStr); //$ (‘#mcpcp_addportfolio .form_field, .form_btn’).removeClass(‘disabled’); //$ (‘#mcpcp_addportfolio .form_field input, .form_field select, .form_btn input’).attr(‘disabled’, false); // //if(call_pg == “2”) //{ // adtxt =’ Scheme added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //else //{ // adtxt =’ Stock added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //$ (‘#mcpcp_addprof_info’).css(‘background-color’,’#eeffc8′); //$ (‘#mcpcp_addprof_info’).html(adtxt); //$ (‘#mcpcp_addprof_info’).show(); 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Dr Reddy’s Laboratories share price fell 3 percent intraday after the company declared its June quarter numbers.

The company has reported consolidated profit at Rs 570.8 crore for the quarter ended June 2021, a 1.5 percent drop from the year-ago period. Profit in June 2020 quarter stood at Rs 579.3 crore.

Revenue from operations grew by 11.4 percent year-on-year to Rs 4,919.4 crore in Q1FY22.

Earnings before interest, tax, depreciation and amortization (EBITDA) was down 12.3 percent at Rs 1,019 crore against Rs 1,162.2 crore, while margin was down at 20.7 percent versus 26.3 percent, YoY.

At 11:40 hrs, Dr Reddy’s Laboratories was quoting at Rs 5,266.75, down Rs 142.40, or 2.63 percent on the BSE.

The share touched a 52-week high of Rs 5,613.65 and a 52-week low of Rs 3,963.85 on 07 July, 2021 and 27 July, 2020, respectively.

Currently, it is trading 6.18 percent below its 52-week high and 32.87 percent above its 52-week low.