Torrent Pharma Q1 net profit rises 7 per cent at Rs 378 crore
Revenue for the first quarter of the current fiscal rose to Rs 2,591 crore as against Rs 2,347 crore in the year-ago period
New Delhi: Torrent Pharma on Monday reported a seven per cent increase in its profit after tax to Rs 378 crore for the June quarter.
The company had reported a profit after tax (PAT) of Rs 354 crore in the year-ago quarter. Revenue for the first quarter of the current fiscal rose to Rs 2,591 crore as against Rs 2,347 crore in the year-ago period, Torrent Pharma said in a statement.
The drug firm said its domestic revenue grew 14.5 per cent year-on-year to Rs 1,426 crore during the quarter. The company said its revenue also went up in Brazil and Germany by three per cent and 21 per cent, respectively. Revenue in the US market, however, declined by two per cent to Rs 293 crore, it added.
Torrent Pharma shares ended 0.49 per cent down at Rs 2,051.50 apiece on the BSE.
