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Emerging markets affect Dr Reddy's Laboratories' December quarter performance

India Blooms News Service | | Feb 09, 2016, at 11:04 pm

#Dr Reddy Laboratory # De Reddy Laboratory quarter result

Hyderabad, Feb 9 (IBNS) Dr Reddy's Laboratories Ltd announced its consolidated financial results on Tuesday for the quarter ended December 31, 2015, where it posted consolidated revenue of â‚¹39.7 billion, up 3 per cent from the same period in 2014, largely because the healthy performance in North America Generics (NAG), Europe and India were partially offset by emerging markets, which were impacted by unfavorable macro-economic conditions.

Revenues from the Global Generics segment for the reported quarter was â‚¹33.6 billion, up 7 per cent from the year-ago quarter, primarily driven by North America, Europe and India.

Revenues from the Pharmaceutical Services and Active Ingredients (PSAI) segment was â‚¹5.1 billion in the reported quarter, and declined by 17 per cent from the same quarter a year ago.

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