Moneycontrol Bureau
Torrent Pharma's consolidated net profit jumped 41 percent to Rs 158 crore in December quarter, from Rs 112 crore year-on-year. Net sales grew to Rs 1015 crore (including operationg income), up 27 percent from Rs 797 crore (YoY).
The company declared an interim dividend of 100 percent or Rs 5 per equity share of Rs 5 each.
The company's overseas revenue grew by 41 percent to Rs 637 crore. "In the international operations, US Businesses reported growth of 61 percent, Europe (including Heumann) grew by 59 percent, Brazil operations' growth was 26 percent and rest of the world, including Russia, CIS, Mexico and Canada grew by 9 percent," the company statement said.
As per All India Organisation of Chemists and Druggists (AIOCD), Torrent grew at 12 percent during the quarter compared to covered market growth of 5 percent and Indian Pharmaceutical sectors' growth of 5 percent, it added.
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