Dr Reddy's Laboratories Limited today reported a 101 per cent jump in consolidated net profit (adjusted) for the quarter ended March 2011 helped primarily by strong margins from new launches. The company's net profit for the fourth quarter stood at Rs 334.5 crore compared to Rs 166.7 crore in the corresponding quarter last year. Revenues grew 23 per cent to Rs 2,017 crore from Rs 1,642.4 crore.

For the full year 2010-11, net profit grew 16.8 per cent to Rs 1,076.2 crore compared with Rs 921.4 crore in the previous year even though there was a moderate rise of six per cent in revenues, which stood at Rs 7,469.3 crore (Rs 7,027.7 crore).The company had a consolidated net profit of Rs 166.7 crore in the same period previous previous fiscal.

The company has also decided to invest Rs 800-850 crore for expanding some of the manufacturing facilities in India and the US this year, Reddy said.