Full Press Release Details
Report of Independent Registered Public
The Board of Directors and Shareholders
Dr. Reddy's Laboratories Limited:
We have reviewed the condensed consolidated
interim statements of financial position of Dr. Reddy's Laboratories Limited and its subsidiaries ("the Company")
as of September 30, 2017, and the related condensed consolidated interim income statements, the statements of comprehensive income
for the three and six months periods ended September 30, 2017 and 2016,the statements of changes in equity and cash flows for the
six months periods ended September 30, 2017 and 2016 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 reviews, 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 statements of financial position
of the Company as of March 31, 2017, and the related consolidated income statements, statements of comprehensive income, changes
in equity and cash flows for the year then ended; and in our report dated June 19, 2017, we expressed an unqualified opinion on
those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed consolidated statements
of financial position as of March 31, 2017, is fairly stated, in all material respects, in relation to the consolidated statements
of financial position from which it has been derived.