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Dr. Reddy's posts steeper-than-expected fall in third-quarter profit

One-time charge on U.S. tax liabilities erodes net income

MUMBAI (NewsRise) -- Dr. Reddy's Laboratories, India's second-largest drug maker, reported a bigger-than-expected 29% drop in quarterly net profit, weighed by a one-time charge related to changes in U.S. tax liabilities.

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