Dr. Reddy's Laboratories Reports Upbeat Q2 Profit

India's Dr. Reddy's Laboratories Ltd reported a 7.3% rise in its Q2 consolidated net profit. The company's consolidated net profit climbed to INR3.08 billion, from INR2.87 billion, in the year-ago period. Its consolidated sales surged 21% to INR22.68 billion from INR18.70 billion. However, analysts were expecting a net profit of INR2.93 billion on sales of INR21.40 billion.