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Ahmedabad based Pharmaceuticals major, Torrent Pharmaceuticals Limited has posted a 35 per cent year on year (YoY) dip in net profit for the quarter ended June 30, 2017 as its revenues too dipped by 11.4 per centFor the first quarter of the current fiscal, Torrent Pharmaceuticals posted revenues of Rs 1374 crore as against Rs. 1,551 crores during the same period last year. EBIDTA for Q1FY18 was at Rs. 400 crore as against Rs. 462 crore during the same period last year. Profit after tax (PAT) for Q1FY18 was at Rs. 188 crore as against Rs.292 crore during the same period last year. The company said that the previous period include exceptional revenues and profits which was primarily on account of the launch of a new product in US market, which had limited competition. Research and development (R&D) spend during the Q1 FY 2017-18 was Rs 101 crore as against Rs 90 crore during the same period last year. The domestic formulation business recorded revenues of Rs. 464 crore for .