Torrent Pharma Q2FY22 Results: Consolidated net up 2% at Rs 316 cr
The drug maker had reported a net profit of Rs 310 crore in the July-September period of last fiscal.
Torrent Pharma on Tuesday reported a 1.93 per cent increase in consolidated net profit at Rs 316 crore for the second quarter ended September 30, aided by robust sales in the domestic market.
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The drug maker had reported a net profit of Rs 310 crore in the July-September period of last fiscal.
Net sales increased to Rs 2,103 crore during the quarter under review from Rs 1,985 crore in the year-ago period, Torrent Pharma said in a regulatory filing.
The company said its domestic revenues increased by 13 per cent year-on-year to Rs 1,087 crore.
However, it reported a 13 per cent dip in the US revenues at Rs 284 crore.
"Sales were lower due to price erosion in the base business and lack of new approvals pending re-inspection of facilities," it added.
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