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Torrent Pharma Q2 profit rises by 2.3 times

Posted on Oct 27, 06:29PM | UNI

Torrent Pharmaceuticals, manufacturer of wide range of pharmaceutical products, reported 2.3 times rise in net profit to Rs 162.11 crore for the quarter ended September 30, 2012 as compared to Rs 70.23 crore in the same period last year.

The total income has increased by 36.17 per cent to Rs 689 crore for the quarter ended September 30, 2012 from Rs 506 crore in the year ago period.

Net sales of the company has surged by 37.63 per cent to Rs 662 crore for the quarter ended September 30, 2012 as compared to Rs 481 crore in the same period last year.

Further, the consolidated net profit rose by 7.26 percent to Rs 107 crore for the second quarter ended September 30, 2012, over the same period in the previous fiscal, a release said.