Torrente Pharmaceuticals declared their Q3FY24 results on February 2, 2024. Revenue increased by 9.67% and profits increased by 56.54% year-on-year. Compared to the previous quarter, revenue grew by 2.71% and profit increased by 14.77%.
Selling, general and administrative expenses decreased 1.39% quarter-over-quarter and increased 17.26% year-over-year.
Operating income increased 19.23% quarter-on-quarter and 40.11% year-on-year.
The EPS is $11.27 for Q3FY24, which increased by 34.85% YoY.
Torrent Pharmaceuticals has returned 0.22% over the past week, returned 25.89% over the past 6 months, and returned 8.98% year to date.
Currently, Torrent Pharmaceuticals has a market capitalization of $85034.42 Cr and 52 weeks high/low $2551.8 and $1445.55 respectively.
As of February 4, 2024, of the 27 analysts covering the company, 2 analysts have given a Sell rating, 6 analysts have given a Hold rating, 9 analysts have given a Buy rating, and 10 analysts have given a Strong Buy rating.
The consensus recommendation as of February 4, 2024 was Buy.
The company has also declared an interim dividend $22.0. The record date for the dividend is February 12, 2024 and the ex-dividend date will be February 12, 2024.
| Period | Q3 FY24 | Second Quarter FY24 | Quarter-on-quarter growth | Q3 AF23 | Year-on-year growth |
|---|---|---|---|---|---|
| Total income | 2732 | 2660 | +2.71% | 2491 | +9.67% |
| Total selling, general and administrative expenses | 496 | 503 | -1.39% | 423 | +17.26% |
| Depreciation and amortization | 213 | 201 | +5.97% | 193 | +10.36% |
| Total operating expense | 1988 | 2036 | -2.36% | 1960 | +1.43% |
| Operating income | 744 | 624 | +19.23% | 531 | +40.11% |
| Net profit before taxes | 631 | 559 | +12.88% | 419 | +50.6% |
| Net income | 443 | 386 | +14.77% | 283 | +56.54% |
| Diluted Normalized EPS | 11.27 | 11.39 | -1.03% | 8.36 | +34.85% |
Frequent questions
Question: What is the company's Q3FY24 profit/loss?
Answer: โน443Cr
Question: What is the revenue for Q3 FY24?
Answer: โน2732Cr
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Posted: Feb 4, 2024, 02:45 am IST
