Torrent Pharma reports 52 percent increase in profit after tax to Rs 443 crore for Q3
Torrent Pharmaceuticals has reported a 52 percent increase in its consolidated profit after tax to Rs 443 crore for the third quarter ended December 2023.
The drug firm had reported a net profit of Rs 292 crore in the October-December period of the last fiscal.
Its revenue increased by 10 per cent to Rs 2,732 crore in the third quarter compared to Rs 2,491 crore in the year-ago period, Torrent Pharmaceuticals said in a statement.
The company said its domestic business revenues increased 12 per cent year-on-year to Rs 1,415 crore in the October -December quarter this year.
Brazil's business grew by 26 per cent to Rs 312 crore, while the US business expanded by 6 per cent to Rs 274 crore in the third quarter.
German revenues for the October-December period witnessed a 12 per cent growth to Rs 270 crore in the December 2023 quarter.
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Torrent Pharma is an Indian multinational pharmaceutical company headquartered in Ahmedabad, India. The company specializes in therapeutic segment of cardiovascular (CV), central nervous system (CNS), gastro-intestinal (GI) and women healthcare (WHC).
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