Dr Reddys Laboratories has announced its fourth quarter financial results for the fiscal year 2009-10 and has managed to post a significant net profit and revenue. The firm has posted a net profit of Rs 253 crore for the quarter that ended in 31st March, 2010. This net profit figure was at Rs 156 crore for the same quarter in the preceding year.

That means the company has managed to post a mammoth 62% increase in its net profit as compared to the previous year. So far as the net-sales of the firm are concerned, it has touched Rs 1,152 crore for the fourth quarter. Last year the net sales were Rs 1,046 crore. Vice Chairman and CEO, Dr Reddys Laboratories, Mr. GV Prasad has informed that this growth indicates the company's commitment towards its industry.

He has also said that it is looking forward to introduce 12-13 products in next fiscal year. US have been the target market for the company in 2011. The company is expecting a growth of 20% in the coming fiscal year.