New Delhi, Oct 26 (PTI) Torrent Pharma on Tuesday reported a 1.93 per cent increase in consolidated net profit at Rs 316 crore for the second quarter ended September 30, aided by robust sales in the domestic market.

The drug maker had reported a net profit of Rs 310 crore in the July-September period of last fiscal.

Also Read | How To Log In To Your WhatsApp on PC/Laptop.

Net sales increased to Rs 2,103 crore during the quarter under review from Rs 1,985 crore in the year-ago period, Torrent Pharma said in a regulatory filing.

The company said its domestic revenues increased by 13 per cent year-on-year to Rs 1,087 crore.

Also Read | Moto G200 Specifications Reportedly Emerge Online, Likely To Come With 108MP Camera & Snapdragon 888 SoC.

However, it reported a 13 per cent dip in the US revenues at Rs 284 crore.

"Sales were lower due to price erosion in the base business and lack of new approvals pending re-inspection of facilities," it added.

(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)