Torrent Pharma fully repays NCDs of Rs 240 cr
Torrent Pharmaceuticals said it has fully repaid secured redeemable non-convertible debentures (NCDs) of Rs 240 crore on 24 March 2020.
Shares of Torrent Pharmaceutical declined 3.54% to Rs 1,754.80. The scrip was trading in the range of Rs 1,713.80 to Rs 1,821.50 so far.
The company's consolidated net profit jumped 77% to Rs 419.39 crore in Q3 December 2019 from Rs 236.96 crore in Q3 December 2018. Net sales declined by 5.4% to Rs 3079 crore in Q3 December 2019 from Rs 3253.50 crore in Q3 December 2018.
Torrent Pharmaceuticals manufactures bulk drugs and pharmaceutical formulations.
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First Published: Mar 25 2020 | 12:52 PM IST