US business, GST drag Torrent Pharma Q1 net down by 35% at Rs 188 cr

Revenue dipped by 11.4% to Rs 1,374 cr

Ahmedabad-based pharmaceuticals major, Torrent Pharmaceuticals Limited has posted a 35 per cent year-on-year (YoY) dip in net profits at Rs 188 crore for the quarter ended June 30 as its revenues too dipped by 11.4 per cent.

For the first quarter of the current fiscal, Torrent Pharmaceuticals posted revenues of Rs 1,374 crore as against Rs 1,551 crores during the same period last year. 
 

EBIDTA for Q1FY18 was at Rs 400 crore as against Rs 462 crore during the same period last year. Profit after tax (PAT)was Rs 292 crore during the same period last year.

The company said that the