Dr. Reddy’s Laboratories Ltd. ( RDY)

Q3 2011 Earnings Call

January 25, 2011 8:00 AM ET

Executives

Kedar Upadhye – Investor Relations

Satish Reddy – Chief Operating Officer

Umang Vohra – Chief Financial Officer

Analysts

Ranjit Kapadia – HDFC Securities

Hitesh Mahida – Marwadi Shares

Kartik Mehta – Daiwa

Christen Sood – Analyst

Bhagwan Chodhary – India Nivesh Securities

Nimish Mehta – MP Advisors

Bino Pathiparampil – IIFL

Manoj Garg – Edelweiss Capital

Suryadeep Das – Centrum Broking

Prakash Agarwal – RBS

Nitin Agarwal – IDFC Securities

Sameer Baisiwala – Morgan Stanley

Sushant Dalmia – Pioneer Investcorp

Sonal Gupta – UBS Securities

Akshay Shah – Quest Investment

Chirag Talati – Espírito Santo

Ranvir Singh – Brics Securities

Neelkanth Mishra – Credit Suisse

Arvind Bothra – Bank of America

Abhay Shanbhag – Deutsche Bank

Chirag Dagli – ICICI Securities

Alok Dalal – MF Global

Presentation

Operator

Ladies and gentlemen, good day, and welcome to the Dr. Reddy’s Laboratories Limited Q3 FY ‘11 Earnings Conference Call. As a reminder, for the duration of this conference, all participant lines will be in a listen-only mode and there will be an opportunity for you to ask questions at the end of today’s presentation. (Operator Instructions)

Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Kedar Upadhye from Dr. Reddy’s Laboratories. Thank you and over to you, sir.

Kedar Upadhye

Good morning and good evening to all the participants. And welcome to Dr. Reddy’s earnings conference call for the third quarter ended December 31, 2010. Earlier during the day, we have released the unaudited consolidated financial results under IFRS and the same are also posted on our website. We are conducting a live webcast of this call and a transcript shall be available on our website soon.

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