Shares of Torrent Pharma were up nearly 10% at Rs 787 after the company late Thursday announced robust earnings for the fourth quarter ended March 31, 2013 and the board also proposed a bonus issue.
The pharma company reported 29% growth in consolidated revenue to Rs 871 crore for the fourth quarter ended March 31, 2013 compared to the same quarter last fiscal. For the year ended March 31, 2013, consolidated net profit surged 52% to Rs 433 crore while revenue grew 19% to Rs 3,212 crore compared to the last fiscal ended March 31, 2012.
The board has recommended a dividend of Rs 7 per share and an additional Rs 10 per share for commemorating four decades of its business operations.
Further, the board of directors has proposed issue of bonus shares in the ratio one equity bonus share for each fully paid up equity share.
Over 500,000 shares were traded on both the stock exchanges so far.
