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Torrent Pharmaceuticals reports 21% fall in Q3 consolidated net profit

03 Feb 2017 Evaluate

Torrent Pharmaceuticals has reported results for third quarter ended December 31, 2016. 

The company has reported over two fold rise in its net profit at Rs 234 crore for the quarter under review as compared to Rs 96 crore for the same quarter in the previous year. Total income of the company increased by 20.66% at Rs 1320 crore for the quarter under review as compared Rs 1094 crore for the corresponding quarter previous year. 

On the consolidated basis, the company has reported 21.03% fall in its net profit after taxes, minority interest and share of profit/(loss) of associates at Rs 229 crore for the quarter ended December 31, 2016, as compared to Rs 290 crore for the same quarter in the previous year. Total income of the company decreased by 6.51% at Rs 1493 crore for the quarter under review as compared Rs 1597 crore for the corresponding quarter previous year.  

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