Don’t miss the latest developments in business and finance.

Torrent Pharma shares gain over 4 pc as Q2 net profit rises

Image
Press Trust of India New Delhi
Last Updated : Oct 24 2019 | 10:40 AM IST

Shares of Torrent Pharmaceuticals jumped over 4 per cent on Thursday after the company reported 36.31 per cent rise in consolidated net profit for the quarter ended September.

The company's scrip gained 4.33 per cent to Rs 1,753.50 on the BSE.

At the NSE, it advanced 4.41 per cent to Rs 1,754.50.

Torrent Pharmaceuticals on Wednesday reported a 36.31 per cent rise in consolidated net profit to Rs 244 crore for the September quarter on robust sales in the domestic market.

The company had posted a net profit of Rs 179 crore for the corresponding period of the previous fiscal, Torrent Pharmaceuticals said in a BSE filing.

Consolidated revenue from operations stood at Rs 2,005 crore for the quarter under consideration as against Rs 1,894 crore for the same period last year.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Oct 24 2019 | 10:40 AM IST

Next Story