Dr Reddys Announces Q2 Results

Dr Reddys Laboratories Ltd has announced the following Un-Audited results for the quarter ended September 30, 2007:The Company has posted a net profit of Rs 1250.00 million for the quarter ended September 30, 2007 as compared to Rs 2726.60 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 9489.60 million for the quarter ended September 30, 2006 to Rs 9240.40 million for the quarter ended September 30, 2007.The Consolidated results are as follows:The Group has posted a net profit attributable to the shareholders of the parent of Rs 1106.00 million for the quarter ended September 30, 2007 as compared to Rs 2925.00 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 19826.00 million for the quarter ended September 30, 2006 to Rs 13265.50 million for the quarter ended September 30, 2007.The Consolidated results as per US GAAP are as follows:The Group has posted a net income of Rs 2671.641 million for the quarter ended September 30, 2007 as compared to Rs 2797.683 million for the quarter ended September 30, 2006. Revenues has decreased from Rs 20038.545 million for the quarter ended September 30, 2006 to Rs 12669.753 million for the quarter ended September 30, 2007.