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Torrent Pharmaceuticals Q2 net increases 5% to Rs 113 cr

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SummaryTorrent Pharmaceuticals on Wednesday posted 4.62% increase in consolidated net profit at Rs 113 crore for the second quarter ended September 30, 2013.

Torrent Pharmaceuticals on Wednesday posted 4.62% increase in consolidated net profit at Rs 113 crore for the second quarter ended September 30, 2013.

The company had posted a net profit of Rs 108 crore during the same period of previous fiscal. Net sales of the company rose to Rs 936 crore for the second quarter as against Rs 747 crore in the same period of previous financial year, Torrent Pharmaceuticals said in a filing to the BSE.

For the six months ended September, the companys revenues rose to Rs 1,944 crore, compared with Rs 1,544 crore during the same period of previous fiscal. Shares of Torrent Pharmaceuticals on Wednesday closed at Rs 425.85 on the BSE, up 2.32% from previous close.

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