Dr Reddy’s Layoffs: ‘Give salary more than 1 crore, give resignation!’ Veteran pharmaceutical company denied claims
Dr Reddy’s Layoffs: The nation’s veteran pharmaceutical firm Dr. Reddy’s Laboratories has denied the media reviews that declare that the corporate goes to chop its workers as much as 25%. It was stated in media reviews that senior workers have been requested by the corporate to resign, whose annual wage is greater than Rs 1 crore. Together with this, it has additionally been stated that voluntary retirement (VRS) has been provided to workers between 50 and 55 years of age in Research and Growth (R&D) Division.
Prabhat Khabar Digital Premium Story Dr. Reddy’s coverage not forcibly trimmed
Dr. Reddy’s claims have clearly rejected all these claims. He has stated that no giant -scale downsizing scheme is being applied. In response to the corporate, its operational coverage doesn’t embody any forcible pruning.
Firm efficiency in third quarter
In the meantime, the corporate has recorded a terrific monetary efficiency for the third quarter (Q3 FY25) resulted in December 2024. Dr. Reddy’s recorded a internet consolidated revenue (PAT) of Rs 1,413.3 crore, which is 2% greater than the Rs 1,378.9 crore in the identical quarter of the earlier 12 months.
The corporate’s earnings elevated by 16%
The whole earnings of the corporate was Rs 8,358.6 crore, which reveals a rise of 16% on an annual foundation. This improve has been primarily because of income coming from India and rising markets and lately acquired nicotine alternative remedy (NRT) portfolio.
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17% improve in generic drug phase
Dr. Reddy’s world generic drug phase noticed an annual improve of 17%, whereas pharmaceutical companies and lively pharmaceutical substances (API) division elevated by 5%. EBITDA stood at Rs 2,298.2 crore on this quarter, barely greater than Rs 2,280.3 crore within the earlier quarter and a lot better than Rs 2,110.7 crore within the final 12 months’s quarter. General, there’s a denying information of the corporate’s trimming and powerful monetary efficiency, aid for buyers and workers.
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