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This is an archive article published on July 22, 2010

Reddy’s Lab Q1 net rises 7.5 pct

India's No. 2 drugmaker by sales reported a 7.5 pct rise in profit for the June quarter.

Dr Reddy’s Laboratories Ltd,India’s No. 2 drugmaker by sales,on Thursday reported a 7.5 per cent rise in profit for the June quarter.

Net profit was at 2.44 billion rupees ($52 million),up from 2.27 billion a year earlier,according to a posting on the National Stock Exchange.

It was not immediately clear if the numbers were under international accounting or Indian accounting standards.

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