Thursday, May 6, 2010

DR. REDDY’S LABORATORIES IMPROVES IN FY 10 OVER FY 09 - LONG WAY TO GO




DR. REDDY’S LABORATORIES LIMITED
– FY 2009 RESULTS VS FY 2010 -

Dr.Reddy's has improved its operational performances  in FY 2010 considerably over FY 2009
From  Rs. 679037 lakhs in FY 2009, the Net Sales has improved to Rs. 685164 lakhs  in FY 2010 on a consolidated basis.

From Rs.(-)91724 lakhs in FY  2009, the Consolidated Net Profit has improved to Rs.(+)35147 lakhs in FY 2010.
From Rs.(-) 54.48  per share in FY2009,( on  the  face value of Rs.5 per share,) the consolidated Basic EPS  in FY 2010 has climbed to a decent Rs.20.83. The company's shares are quoting at Rs.1244 - taking into account its future prospects.
While it is a strong company with lot of strengths, the strength is yet to reflect in its EPS. 

WE may watch the next quarter with interest. 

Jan-March quarter performance

Dr Reddy’s has reported a consolidated net profit of Rs 166.7 crore for the  4th quarter  compared with a net loss of Rs 977.7 crore during the same time last year.
Revenues during the quarter, declined 17.3 per cent to Rs 1,642.4 crore from Rs 1,985.1 crore in the same quarter last year.
“The profitability is on the back of growth in base business and not on upsides,” says, the company CEO.
 


AUDITED –CONSOLIDATED –CUMULATIVE FIGURES
2008-09(Rs. in lakhs) :: vs :: 2009-10(Rs. in lakhs)
679037::    Net Sales ::         685164
-              ::Other Operating Income::         6111
-13414   ::Increase/Decrease in SIT & WIP ::          2477
249513  ::  Raw Materials ::           234740
99205    ::Employees Cost::          118327
49776    ::Depreciation::                41314
224566  ::Other Expenditure ::   205633
609646  ::Total Expenditure::      602491
20967    ::Other Income::              21994
9715       :: Interest ::                      3122
146284  ::Exceptional items ::     45828
-65641   :: P B T ::                            61828
26083    ::Tax Expense ::                26681
-91724   :: P A  T ::                          35147
-91724   Net Profit (+)  ::                35147
-91724   :: Consolidated Net Profit  :: 35147
-              Dividend (%)     -
5              ::Face Value (in Rs.)::         5
8423       :: Paid-up Equity::             8442
344190  :: Reserves  ::                     369227
-54.48    ::Basic EPS (in Rs.)::                20.83

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