Thursday, Apr 25 2024 | Time 03:30 Hrs(IST)
image
Business EconomyPosted at: Oct 23 2019 7:38PM


Gujarat-based Torrent registers 36 pc growth in Q2 net profit

Ahmedabad, Oct 23 (UNI) Gujarat based multinational Pharma major Torrent Pharmaceuticals Ltd (Torrent), on Wednesday recorded a net profit at Rs 244 crore in the the second quarter of the current fiscal, as against Rs 179 crore in Q2 of the last year, up by 36 per cent.

According to the financial results for Q2 FY 2019-20, the total revenue of the company has also grown by six per cent at Rs 2,005 crore.
India's business stood at Rs 899 crore, up by 10 per cent on Year-on-Year (YoY). US revenues were at Rs 380 crore, down by three per cent YoY. Germany revenues were at Rs 250 crore, down by one per cent YoY.
Brazil revenues stood at Rs 156 crore, up by seven per cent YoY. Net profit was at Rs 244 crore, as against Rs 179 crore in Q2 FY19, up by 36 per cent YoY.

In half yearly terms, the revenues were at Rs 4,027 crore during H1, up by seven per cent, in comparison to the first half of FY 19. Net profit was at Rs 460 crore, as against Rs 342 crore in H1 FY19, up by 35 per cent YoY.

Torrent Pharma, with annual revenues of more than Rs 7,600 crore, is the flagship Company of Torrent Group. It is ranked eighth in the Indian Pharmaceuticals Market and is among the Top five in the therapeutics segments of Cardiovascular (CV), Central Nervous System (CNS), Gastro-intestinal (GI), and Vitamins Minerals Nutritionals (VMN).
It is a specialty-focused company with 74 per cent of its revenue from chronic and sub-chronic therapies. It has presence in 40 countries and is ranked number 1 among the Indian Pharma companies in Brazil, Germany and Philippines.
Torrent has eight manufacturing facilities (seven in India and one in US), of which five are USFDA approved.
UNI RAJ RJ 1938
Please log in to get detailed story.
Tags: #Gujarat-based Torrent registers 36 pc growth in Q2 net profit
More News

NSE launches derivatives on Nifty Next 50 Index

24 Apr 2024 | 9:16 PM

Mumbai, Apr 24 (UNI) National Stock Exchange of India Ltd (NSE), the world’s largest derivatives exchange for consecutive fifth year in a row in the year 2023 based on contracts traded as published by FIA, launched futures and options contracts on the Nifty Next 50 Index on Wednesday.

see more..

KABIL signs MoU with CSIR-NGRI for geophysical investigations

24 Apr 2024 | 7:47 PM

Bhubaneswar, April 24 (UNI) Khanij Bidesh India Limited (KABIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in the field of geophysical investigations to bolster its ongoing projects and activities in critical and strategic minerals.

see more..

Dish TV revolutionises entertainment with ‘Dish TV Smart+’ services

24 Apr 2024 | 7:31 PM

Kolkata, Apr 24 (UNI) Dish TV has taken a path-breaking initiative to redefine the entertainment experience in India.

see more..

TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

New Delhi, April 24 (UNI) With a view to improve quality of services and reducing cost, the telecom regulator TRAI on Wednesday recommended sharing of active and passive infrastructure among telecom service providers, a move that would help setting up network quickly across the nation.

see more..

REC to provide loan of Rs 1869 cr to Chenab Valley Power Project in J&K

24 Apr 2024 | 6:38 PM

New Delhi, April 24 (UNI) State-owned non-banking finance company REC Limited has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL), under which it will provide financial assistance of Rs 1,869.265 crore as a term loan.

see more..
image