DRL'S Q4 net falls 76% on impairment impact
Business Standard|May 20, 2022
Hyderabad-based Dr. Reddy's year-on-year Laboratories (DRL) posted a 76 per cent dip in profit after tax to ₹88 crore in the fourth quarter of financial year 2021-22 (Q4FY22) due to the impact of impairment and provision towards an old litigation (₹752 crore).
SOHINI DAS
DRL'S Q4 net falls 76% on impairment impact

Pricing pressure in North America and Europe, lower export benefits, and an increase in the inventory provisions, too, dented the bottom line.

This story is from the May 20, 2022 edition of Business Standard.

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This story is from the May 20, 2022 edition of Business Standard.

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