Dr. Reddy's Labs Q1 net zooms 87%

Dr Reddy's Laboratories today reported a 87% increase in consolidated net profit at Rs 30.69 crore in the first quarter ended June 30, 2005 as against Rs 16.40 crore in Q1FY05.

According to a release issued by the company to the BSE today, total group income increased to Rs 563.66 crore in Q1FY06 from Rs 484.12 crore in Q1FY05.

The company, on a stand-alone basis, posted a net profit of Rs 63.34 crore in Q1FY05 as against Rs 30.94 crore in Q1FY05. Total income increased to Rs 536.32 crore from Rs 415.88 crore in Q1FY05.