India's Dr Reddy's beats quarterly profit estimate
RDY•Dr Reddy's Laboratories reported quarterly profit of 9.25 billion rupees, above analysts' 7.49 billion-rupee estimate, though down from 13.47 billion rupees a year earlier; domestic demand helped cushion a slowdown in its US market.
1. Profit beats estimates
Dr Reddy's Laboratories reported consolidated net profit after tax of 9.25 billion rupees for the quarter ended September 30, down from 13.47 billion rupees a year earlier but above analysts' average estimate of 7.49 billion rupees. The company said domestic demand helped cushion the slowdown in its key US market.
