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Torrent Pharma reports Q4 net profit of Rs 287 crore, revenue up 16%

The company's consolidated revenue from operation rose by 16.8 per cent to Rs 2,491 crore for the March quarter as compared to Rs 2,131 crore in the year-ago period

The combined net profit of 20 cyclical companies in the index is expected to grow by 38.8 per cent YoY to Rs 1.01 trillion

BS Web Team New Delhi

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Torrent Pharmaceuticals Ltd, on Tuesday, reported a consolidated net profit of Rs 287 crore for the March quarter. The company reported loss of Rs 118 crore a year ago.

The company’s consolidated revenue from operation rose by 16.8 per cent to Rs 2,491 crore for the March quarter as compared to Rs 2,131 crore in the year-ago period, the company said.

The company’s revenue for FY23 up by 16 per cent to Rs 4,984 crore.

In a regulatory filing, the company said, “The board of directors has recommended to the members a final dividend of Rs 8 per equity share of Rs 5 each.”

“The final dividend amount, if declared by the shareholders, is proposed to be paid / dispatched on or around 14 August, 2023. Earlier an interim dividend of Rs 14 per equity share was paid during the last quarter,” the company said.

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First Published: May 30 2023 | 6:30 PM IST

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