Dr. Reddy's Laboratories Limited Announces Consolidated Earnings Results for the Second Quarter and Half Year Ended September 30, 2018; Provides Earnings Guidance for the Second Half of Fiscal 2019 and Effective Tax Rate Guidance for the Full Year of Fiscal 2019
For the half year, the company reported revenue of INR 75,190 million. Profit before tax was INR 10,790 million. Profit after tax was INR 9,600 million. Capital expenditure was INR 1.4 billion.
The company expects effective tax rate for the full year to be around 20%.
The company expects the performance in the second half of the fiscal year to improve on the back of new product launches and stabilization of supplies to the market.