Latest News | Torrent Pharma Q2 Net Profit Up 27 Pc at Rs 310 Cr
Get latest articles and stories on Latest News at LatestLY. Drug firm Torrent Pharmaceuticals on Monday reported a 27.04 per cent rise in consolidated net profit to Rs 310 crore for the quarter ended September, mainly on account of robust sales in India and reduction in expenses.
New Delhi, Oct 26 (PTI) Drug firm Torrent Pharmaceuticals on Monday reported a 27.04 per cent rise in consolidated net profit to Rs 310 crore for the quarter ended September, mainly on account of robust sales in India and reduction in expenses.
The company had posted a net profit of Rs 244 crore for the corresponding period of the previous fiscal, Torrent Pharmaceuticals said in a filing to BSE.
Consolidated revenue from operations stood at Rs 2,017 crore for the quarter under consideration. It was Rs 2,005 crore for the same period a year ago.
India revenues grew to Rs 963 crore for the quarter ended September 30, 2020, as against Rs 899 crore earlier, Torrent Pharma said.
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Total expenses dipped to Rs 1,639 crore as compared to Rs 1,743 crore in the second quarter of FY20.
Shares of Torrent Pharmaceuticals closed at Rs 2,654.45 per scrip on BSE, down 2.92 per cent from its previous close.
(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)