Dr Reddys Laboratories Q3FY08 Results

Dr Reddys Laboratories Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 422.90 million for the quarter ended December 31, 2007 as compared to Rs 5034.90 million for the quarter ended December 31, 2006. Total Income has decreased from Rs 12121.10 million for the quarter ended December 31, 2006 to Rs 8206.80 million for the quarter ended December 31, 2007.

The Consolidated results are as follows:

The Group has posted a net profit attributable to the shareholders of the parent of Rs 625.50 million for the quarter ended December 31, 2007 as compared to Rs 1056.30 million for the quarter ended December 31, 2006. Total Income has decreased from Rs 15214.80 million for the quarter ended December 31, 2006 to Rs 12659.80 million for the quarter ended December 31, 2007.

The Consolidated results as per US GAAP are as follows:

The Group has posted a net loss of Rs 846.620 million for the quarter ended December 31, 2007 as compared to net profit of Rs 1879.407 million for the quarter ended December 31, 2006. Revenues has decreased from Rs 15434.265 million for the quarter ended December 31, 2006 to Rs 12319.651 million for the quarter ended December 31, 2007.