Torrent Pharma Q3 results: Net profit rises 14% YoY to ₹503 cr; Firm declares interim dividend of ₹26 per share | Stock Market News
Torrent Pharma Q3 results: Pharma company Torrent Pharmaceuticals Ltd announced its October to December quarter results on Friday, January 24. The company announced a 14 per cent rise in net profit for the third quarter of the financial year at ₹503 crore, compared year-on-year (YoY) with ₹443 crore in the same quarter the previous year, as per the consolidated statements.
The company also announced that the revenue from operations rose 2.6 per cent to ₹2,762 crore in the October to December quarter results, compared year-on-year with ₹2,691 crore in the same quarter a year ago.
Total expenses for the quarter ended December 31, 2024, dropped 0.23 per cent to ₹2,151 crore, compared to ₹2,156 crore in the same quarter the previous financial year.
Torrent Pharma interim dividend
The pharma company announced an interim dividend of ₹26 per equity share of ₹5 each fully paid up.
“An interim dividend of ₹26/- (520%) per equity share of ₹5/- fully paid up. The dividend is expected to be paid/dispatched on or around 17th February, 2025,” said the company in the exchange filling.
Torrent Pharma also disclosed that the record date for the dividend is expected to be around February 17, 2025, according to the BSE filling.
Torrent Pharma share price
Torrent Pharmaceuticals Ltd shares closed 0.71 per cent lower at ₹3,243 after Friday’s market session, compared to ₹3,266.20 at the previous market close. The company announced the third quarter results after stock market operating hours on Friday.
Shares hit their 52-week high level at ₹3,589.95 on November 10, 2024, while the 52-week high level was at ₹2,415 on January 29, 2024, according to the BSE data. As of January 24, the market capitalisation of the firm stands at over ₹1 lakh crore.
Torrent Pharma has given investors nearly 219 per cent returns in the last five years and close to 30 per cent returns in the last one year. However, the shares are trading 4.96 per cent lower on a year-to-date (YTD) basis.
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