Dr. Reddy's second-quarter profit slips, but beats estimates

REUTERS - Dr. Reddy's Laboratories Ltd reported a better-than-expected second-quarter net profit on Tuesday.

Its net profit came in at 3.05 billion rupees ($47.06 million) for the quarter ended Sept. 30, versus 3.09 billion rupees a year ago, the company said. (http://bit.ly/2z6HNtJ)

Analysts on average had expected a profit of 2.88 billion rupees, Thomson Reuters data showed.

($1 = 64.8050 Indian rupees)

(Reporting by Jessica Kuruthukulangara and Tanvi Mehta in Bengaluru; Editing by Himani Sarkar)