Full Press Release Details
Report of Independent Registered Public Accounting Firm
The Board of Directors and Shareholders
Reddy s Laboratories Limited:
We have reviewed the accompanying condensed consolidated interim statement of financial position of
Dr. Reddy s Laboratories Limited and its subsidiaries ( the Company ) as of September 30, 2016 and the related condensed consolidated interim income statement, the statement of comprehensive income for the three and six months
ended September 30, 2016 and 2015, the statements of changes in equity and cash flows for six months ended September 30, 2016 and 2015 and the summary of significant accounting policies and other explanatory notes. These condensed consolidated
interim financial statements are the responsibility of the Company s management.
We conducted our reviews in accordance with the
standards of the Public Company Accounting Oversight Board (United States). A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States), the objective of which is the expression of an opinion regarding the financial
statements taken as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material
modifications that should be made to the condensed consolidated interim financial statements referred to above for them to be in conformity with International Financial Reporting Standards as issued by International Accounting Standards Board.
We have previously audited, in accordance with standards of the Public Company Accounting Oversight Board (United States), the consolidated
statement of financial position of the Company as of March 31, 2016, and the related consolidated income statement, statements of comprehensive income, changes in equity and cash flows for the year then ended; and in our report dated
June 23, 2016, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed consolidated statement of financial position as of March 31, 2016, is fairly
stated, in all material respects, in relation to the consolidated statement of financial position from which it has been derived.