Business

Dr. Reddy’s Q2 Results: Profit Rises, Beats Estimates

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Dr. Reddy’s Laboratories Ltd.’s second quarter after-tax profit rose beating estimates as its input costs fell over the previous year.The Hyderabad-based drugmaker’s net profit stood at Rs 1,114 crore in the three months ended September, up 12% over the previous year, according to the exchange filing. That compares with the Rs 761-crore consensus estimate of analysts tracked by Bloomberg.Sequentially, the profit fell 6%.Dr. Reddy’s Q…



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