Hyderabad: “On 22nd October 2020, we experienced an information security incident and consequently isolated the impacted IT services. This incident involved a ransom-ware attack. We promptly engaged leading outside cybersecurity experts, launched a comprehensive containment and remediation effort and investigation to address the incident,” said the Hyderabad-headquartered firm.
“As of date, our investigation has not ascertained if any data breaches in the incident pertain to personally identifiable information stored in the company’s systems. Recovery and restoration of all applications and data is underway. All critical operations are being enabled in a controlled manner,” it added.
Dr Reddy’s had said immediately after the cyber attack that it did not foresee any major impact on its operations due to the incident.
Meanwhile, for the second quarter ended September 30, Dr Reddy’s reported profit of Rs 762 crore, up 32 per cent quarter on quarter but down 30 per cent year on year. It also reported revenues of Rs 4,897 crore, up 11 per cent QoQ and 2 per cent YoY.
“During the quarter we saw gradual recovery in the market demand across India, Russia and other markets after a low demand in Q1 FY 21, although the demand is yet to fully recover to pre-Covid levels,” Dr Reddy’s Co-Chairman and MD, G.V. Prasad.
