Ahmedabad based pharma major Torrent Pharmaceuticals Ltd has posted a 3 per cent rise in profit after tax(PAT) for the second quarter of the financial year to Rs 76 crore compared to the corresponding period a year before. Net sales during the quarter stood at Rs 562 crore, up 21 per cent on a year-on-year basis on the back of a robust growth in the domestic formulations business.
The company said in a statement that its domestic formulations business recorded sales of Rs 221 crore during the quarter, growing by 22 per cent from a comparable period last fiscal. Torrent has also expanded its presence in the extra urban markets. The company's operations in Brazil registered a sales growth of 15 per cent with revenues moving up to Rs 100 crore. The US operations too grew by 50 per cent to Rs 31 crore during Q2FY11.