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Shares of Torrent Pharmaceuticals witnessed profit taking after the company in a release after market hours said that standalone net profit for the quarter ended December 2014 dipped nearly 10% to Rs 103 crore compared to Rs 114 crore in the same quarter last fiscal.
However, total income on a standalone basis increased 18% to Rs 878 crore from Rs 743 crore in the same quarter last year.
Meanwhile, on a consolidated basis net profit was higher at Rs 167 crore compared with 158 crore in the previous quarter while total income increased to Rs 1233 crore from Rs 1,025 crore, the release said.
Further, the company in a separate release said its board has declared an interim dividend of Rs. 5.00 per equity share of Rs. 5/- each fully paid up. These dividend amounts will be paid / dispatched on February 10, 2015.
The stock opened at Rs 1,168 and touched a low of Rs 1,108. At 10:50AM, over 86,000 shares were traded on both the stock exchanges.
