AHMEDABAD:
Local pharmaceutical major Torrent Pharmaceuticals Limited recorded 33% growth in its consolidated net profit For him fiscal year 2023-24. The company's profit grew to Rs 1,656 crore during the fiscal year, from Rs 1,245 crore in the year-ago period. The company also reported a 57% increase in its consolidated Net profit for March quarter at Rs 449 crore from Rs 287 crore in the year-ago period.Is revenue grew 10% to Rs 2,745 crore during the quarter from Rs 2,452 crore a year ago.
the board of Torrent Pharmacy Also recommended for the issuance of equity shares including Convertible bonds / Obligations through qualified institutional placement (QIP) or any other mode in an amount not exceeding Rs 5,000 crore at the next Annual General Meeting (AGM) of the Company.
It has also recommended to members a final dividend of Rs 6 (120%) per share of Rs 5 each.
