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Dr Reddy’s net dips 19% in Q3

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7 years ago

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drreddybigHyderabad: Drug major Dr. Reddy’s Laboratories on Saturday reported a consolidated net profit of Rs 470 crore for the third quarter (October-December) of fiscal 2016-17, registering a 19 per cent decline from Rs 579 crore in the like period a year ago.The consolidated revenue for the quarter under review (Q3) also declined 7 per cent to Rs 3,707 crore from Rs 3,968 crore in the same period a year ago, the company said in a statement here.

Earnings before interest, tax, depreciation and amortisation (Ebitda) declined 13 per cent to Rs 879 crore from Rs 1,012 crore a year ago and the gross margin too dipped 7 per cent to Rs 322 crore from Rs 347 crore a year ago.On standalone basis, the company’s net profit, however, grew a whopping 85 per cent to Rs 439 crore from Rs 237 crore a year ago and 40 per cent sequentially from Rs 313 crore in the second quarter (July-September) of this fiscal.

Standalone revenue increased 4.9 per cent to Rs 2,569 crore in Q3 from Rs 2,450 crore year ago but declined 2.3 per cent sequentially from Rs 2,628 a quarter ago.”Our performance in Q3 has delivered a modest sequential revenue growth of 3 per cent and Ebitda improved on the back of enhanced emphasis on operational efficiencies and controlling of selling, general and administrative costs across businesses,” said Chief Executive Officer G.V. Prasad in the statement.The city-based company spent Rs 500 crore on research and development during the quarter, accounting for 13.4 per cent of the revenue.

 

 

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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