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Torrent Pharmaceuticals on Tuesday reported a 3.3 per cent increase in consolidated net profit at Rs 566 crore in the first quarter ended June 30, 2026. The company had posted a consolidated net profit of Rs 548 crore in the corresponding quarter last fiscal, Torrent Pharmaceuticals Ltd said in a regulatory filing. Consolidated total revenue from operations in the first quarter stood at Rs 4,921 crore as against Rs 3,178 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 4,155 crore as compared to Rs 2,403 crore in the same quarter a year ago, the company said. India revenues were at Rs 2,157 crore in the first quarter, up 19 per cent from the year-ago period, and US revenues were also at Rs 418 crore, up 36 per cent, it added. Brazil revenues stood at Rs 277 crore, up 27 per cent, and the same for Germany was at Rs 318 crore, up 3 per cent year-on-year, the company said.
Torrent Pharmaceuticals Ltd on Friday said the central GST authority has imposed a penalty of over Rs 41 crore on the company for alleged erroneous refund on export of goods. The Joint Commissioner, Common Adjudicating Authority, Central GST, Ahmedabad South Commissionerate passed an order imposing a penalty of Rs 41,33,84,165, Torrent Pharmaceuticals Ltd said in a regulatory filing. The order dated November 26, 2025 alleges erroneous refund by department on export of goods, it added. The company further said based on its assessment, an appeal will be filed and is hopeful of favourable outcome and does not reasonably expect the order to have any material financial impact on it.
Ahmedabad-based Torrent Pharmaceuticals has sought fair trade regulator CCI's clearance to acquire a majority stake in in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company. The development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. "The proposed combination relates to acquisition of shareholding by the acquirer (Torrent Pharmaceuticals Ltd) in the target (J B Chemicals & Pharmaceuticals Ltd) and the subsequent amalgamation of the target with the acquirer," according to a notice filed with the Competition Commission of India (CCI). Torrent Pharmaceuticals is the flagship company of the Torrent group and is engaged in the business of manufacturing and sale of pharmaceutical formulations (FDFs) across therapeutic segments. J B Chemicals & ...