New Delhi, Jul 23 (PTI) Torrent Pharma on Tuesday said its profit after tax increased 21 per cent year-on-year to Rs 457 crore in the first quarter ended June 30, 2024 aided by robust performance in the domestic market.

The drug maker had reported a profit after tax (PAT) of Rs 378 crore in the April-June quarter of the last fiscal.

Also Read | Union Budget 2024-25 Key Takeaways: From Income Tax Changes and Capital Gains to Special Packages for Bihar and Andhra Pradesh; Highlights of Nirmala Sitharaman's Budget Speech.

Revenue for the first quarter stood at Rs 2,859 crore, as against Rs 2,591 crore in the year-ago period, Torrent Pharma said in a statement.

The company said its India revenues rose 15 per cent year-on-year to Rs 1,635 crore in the June quarter, aided by robust performance in focus therapies.

Also Read | Income Tax Day 2024 Date, History and Significance: All You Need To Know About Aaykar Diwas, the Day That Commemorates the Introduction of Income Tax in India.

Shares of the company on Tuesday ended 3.58 per cent up at Rs 3,137.15 apiece on the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)