Dr Reddy’s Laboratories Ltd’s stock emerged as the top loser among the Nifty 50 companies on Thursday, dropping nearly 7% following the release of disappointing March quarter (Q4 FY23) earnings. Its revenue took a hit due to lower sales from gRevlimid and the US generics portfolio, which resulted in a sequential decline of 530 basis point in its calculated Ebitda margin to 25.1% for the March quarter.
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