Dr Reddy's Laboratories Ltd reports results for the quarter ended in September 30 - Earnings Summary
Dr Reddy's Laboratories Ltd RDY.N reported quarterly adjusted earnings of ₹15.05 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of ₹17.78. The mean expectation of four analysts for the quarter was for earnings of ₹16.66 per share. Wall Street expected results to range from ₹15.26 to ₹17.75 per share.
Revenue rose 16.5% to ₹80.38 billion from a year ago; analysts expected ₹76.47 billion.
Dr Reddy's Laboratories Ltd's reported EPS for the quarter was ₹15.05.
The company reported quarterly net income of ₹12.56 billion.
Dr Reddy's Laboratories Ltd shares had fallen by 8.1% this quarter and gained 5.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the pharmaceuticals peer group is also "buy"
Wall Street's median 12-month price target for Dr Reddy's Laboratories Ltd is 17.00
This summary was machine generated from LSEG data November 6 at 05:22 a.m. UTC. All figures in Indian rupees unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 16.66 | 15.05 | Missed |
Jun. 30 2024 | 15.62 | 16.69 | Beat |
Mar. 31 2024 | 13.68 | 15.67 | Beat |
Dec. 31 2023 | 14.09 | 16.56 | Beat |
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