Torrent Pharma Q1 PBT up 44% to Rs 402 cr, income rises marginally

Domestic and US market revenues more or less flat, 20% drop in Brazilian revenues

Despite challenges posed by Covid-19 pandemic and lockdown, Torrent Pharmaceuticals Ltd. (TPL) saw its consolidated profit before tax (PBT) rise 44.08 per cent for first quarter ended June 30, 2020 to stand at Rs 402 crore. The company's PBT in corresponding quarter last year stood at Rs 279 crore. 

The company's consolidated total income, however, rose marginally by 0.88 per cent from Rs 2,042 crore in Q1 of previous fiscal 2019-20 to Rs 2,060 crore in Q1 of FY 2020-21. In terms of markets, while its India revenues grew marginally by two per cent on a year-on-year (YoY) basis to