Dr. Reddy's second-quarter profit surges nearly 70 percent

(Reuters) - Indian drugmaker Dr. Reddy's Laboratories posted a 69.7 percent jump in second-quarter profit on Friday, helped by new product launches.

Net profit rose to 5.18 billion rupees ($70.63 million) in the quarter ended Sept. 30, from 3.05 billion rupees a year earlier, the company said. https://reut.rs/2D59Ht2

That handily beat analysts' expectations of 3.52 billion rupees, according to Refinitiv data.

Net sales rose 5.6 percent to 36.87 billion rupees.

($1 = 73.3350 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru, Editing by Sherry Jacob-Phillips)