Dr Reddy's 1st-qtr misses expectations
India’s second largest drugmaker Dr Reddy’s Laboratories (NYSE: RDY) has posted its unaudited consolidated financial results for the quarter ended June 30, 2013 under International Financial Reporting Standards (IFRS), showing that net profit rose 7.4% to 3.61 billion rupees ($61.2 million) . Revenue rose 12 percent to 28.4 billion rupees. Analysts, on an average, had forecast net profit at 4.29 billion rupees on net sales of 31.16 billion rupees.
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