Torrent Pharma shares rise 6% post March quarter results

HDFC Securities said that Torrent's Q4 results were largely in line with their estimates as strong trends in India and Germany offset weak US

Shares of Torrent Pharmaceuticals, on Wednesday, gained 6 per cent at Rs 2,891.55 in intra-day trade on the BSE after the drug firm reported a 3.18 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 324 crore for the quarter ended March 31, 2021, mainly on the back of continued India business recovery momentum, and cost control.

Consolidated revenue from operations of the company stood at Rs 1,937 crore for the quarter under consideration. It was Rs 1,946 crore for the same period a year ago, Torrent Pharma said in an exchange filing, on Tuesday.

For the financial year