Torrent Pharma surges; margins driven profit impress street

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Reuters
Last Updated : Jan 22 2014 | 1:06 PM IST

Reuters Market Eye - Shares of Torrent Pharmaceuticals Ltd surge 8.6 percent, heading towards its biggest single day gain since May 2013, after the company posted a 41 percent increase in its net profit for the October-December quarter.

Torrent's earnings breakdown shows profit margin expanded to 23.5 percent from 19.6 percent in the same quarter, while costs only marginally increased.

(Reporting Dipika Lalwani)

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First Published: Jan 22 2014 | 12:55 PM IST

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