TestenGOLD- Free

DRL's cancer drug a bitter pill for growth
Business Standard|January 25, 2025
Analysts divided on firm's prospects after 'Revlimid' sales decline
- SHIVAM TYAGI
DRL's cancer drug a bitter pill for growth

Dr Reddy's Laboratories' (DRL's) share price plunged 6.66 per cent to ₹1,203.50 apiece, its intraday low, on the NSE on Friday as analysts differed on the company's growth outlook after its December quarter (Q3) results.

DRL's Q3 performance was viewed as subdued by some analysts when they adjusted it for one-time grants and incomes that the company received during the quarter.

Adjusted for these items, revenue, earnings before interest, taxes, depreciation and ammortisation (Ebitda) and profit after tax (PAT) missed consensus estimates by 3 per cent, 5 per cent and 10 per cent respectively, analysts at Nuvama Institutional Equities said in a report.

Dr Reddy's Lab reported a government grant of ₹80 crore and a one-time payment income of ₹130 crore from DFD29 drug, offsetting the impact of a 41 per cent year-on year (Y-o-Y) fall in other income due to foreign exchange loss.

The company's revenue gained from consolidation of the vaccine business in India and nicotine replacement therapy (NRT) business in Europe.

However, US sales were flat due to market share loss in its star performer Revlimid, a cancer drug, and high competition in legacy products such as Suboxone, Vascepa and Ciprodex.

Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
Business Standard

Montek Ahluwalia bats for smaller states to drive economic growth

Montek Singh Ahluwalia, economist and former deputy chairman of the erstwhile Planning Commission of India, has pitched for creation of new cities by carving out new states to drive urbanisation and fuel economic growth.

time-read
1 min  |
February 13, 2025
Business Standard

Plain tales of green entrepreneurship

A volume of startup tales in India can often be shallow, thinly disguised hagiographies offering no real insights or useful information.

time-read
3 Minuten  |
February 13, 2025
ONGC-NTPC Green JV acquires Ayana Renewable for ₹19.5K cr
Business Standard

ONGC-NTPC Green JV acquires Ayana Renewable for ₹19.5K cr

NIIF-backed firm has 4 GW of operational and under-construction assets

time-read
2 Minuten  |
February 13, 2025
MSME pharma units get 1-yr breather to adopt Schedule M standards
Business Standard

MSME pharma units get 1-yr breather to adopt Schedule M standards

The government has given one-year breather to small-and-medium sized pharma units with annual turnover of less than ₹250 crore to comply with the revised Schedule M standards which seek to set quality standards and good manufacturing practices.

time-read
1 min  |
February 13, 2025
Modi, Macron for Enhancing Investment Ties
Business Standard

Modi, Macron for Enhancing Investment Ties

Prime Minister Narendra Modi and French President Emmanuel Macron on Wednesday called for enhancing trade and investment ties between the two countries and committed to further deepening their engagement in the Indo-Pacific and various global forums and initiatives.

time-read
1 min  |
February 13, 2025
Businesses bank on love with Valentine's Day shopping boom
Business Standard

Businesses bank on love with Valentine's Day shopping boom

With Valentine's Day around the corner, love is in the air - and so are discounts, as couples shop for their special someone.

time-read
3 Minuten  |
February 13, 2025
Business Standard

Gaekwad gets a day's extension from SC to deposit ₹600 crore

Contempt plea against Saluja withdrawn

time-read
1 min  |
February 13, 2025
Rajnath Urges Pvt Sector to Lead Defence Manufacturing
Business Standard

Rajnath Urges Pvt Sector to Lead Defence Manufacturing

The time has come for the private industry to take a lead in India's defence manufacturing sector, Defence Minister Rajnath Singh said at Aero India 2025 in Bengaluru on Wednesday, less than two weeks after the Union Budget allocated ₹27,886 crore for acquiring weapons and systems from domestic private players.

time-read
1 min  |
February 13, 2025
Business Standard

PM Meets Pichai

Prime Minister Narendra Modi met Google CEO Sundar Pichai on the sidelines of the AI Action Summit in Paris where they discussed the \"incredible opportunities\" AI would bring to India.

time-read
1 min  |
February 13, 2025
US Prez says lower interest rates would go hand-in-hand with tariffs
Business Standard

US Prez says lower interest rates would go hand-in-hand with tariffs

Govt agencies to work with Musk's team to identify reductions in workforce

time-read
2 Minuten  |
February 13, 2025

Wir verwenden Cookies, um unsere Dienste bereitzustellen und zu verbessern. Durch die Nutzung unserer Website stimmen Sie zu, dass die Cookies gesetzt werden. Learn more