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Torrent Pharmaceuticals reports 27% rise in Q2 consolidated net profit

27 Oct 2020 Evaluate

Torrent Pharmaceuticals has reported results for second quarter ended September 30, 2020.

The company has reported 13.72% fall in its net profit of Rs 283 crore for the quarter under review as against net profit of Rs 328 crore for the same quarter in the previous year. Total income of the company decreased 4.46% at Rs 1649 crore for Q2FY21 as compared Rs 1726 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 27.05% rise in its net profit attributable to owners at Rs 310 crore for the quarter under review as against net profit of Rs 244 crore for the same quarter in the previous year. However, total income of the company decreased by 0.78% at Rs 2023 crore for Q2FY21 as compared Rs 2039 crore for the corresponding quarter previous year.

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