Annual Report 2002-2003 of Dr. Reddy’s Laboratories Limited

It is a broadly described annual report of Dr. Reddy’s Laboratories Limited in the year of 2002-2003. During the financial year, The Company’s Total turnover was at Rs. 15,983 million. The Sales for the year under review grew by 20% from Rs. 12,292 million to Rs. 14,797 million. The company’s revenues up by 9% to Rs. 18,070 million. Other income increased by 29% to Rs. 667 million from Rs. 515 million for the year ended 31^st March 2002. The Company has reported a profit after tax of Rs. 3,921 million in the financial year 2002-03 as compared to Rs. 4,597 million in the year 2001-02. Investments increased to Rs. 1,566 million as on 31^st March 2003 from Rs. 639 million on 31^st March 2002.

The Board of Directors is pleased to recommend a dividend of Rs. 5/- per equity share of Rs. 5/- for the financial year 2002- 2003. The dividend would be tax-free in the hands of the shareholders.

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