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Torrent Pharma reports 55% fall in Q1 consolidated net profit

28 Jul 2016 Evaluate

Torrent Pharmaceuticals has reported results for first quarter ended June 30, 2016.

The company has reported 59.83% fall in its net profit at Rs 337 crore for the quarter ended June 30, 2016 as compared to Rs 839 crore for the same quarter in the previous year. The company’s total income decreased by 29.64% to Rs 1367 crore for the quarter under review from Rs 1943 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 55.08% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 292 crore for the quarter ended June 30, 2016 as compared to Rs 650 crore for the same quarter in the previous year. Total Income of the company decreased by 22.30% to Rs 1571 crore for quarter under review from Rs 2022 crore for the quarter ended June 30, 2015.

 

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