The drug-making giant Torrent Pharma has presented the results of the October-December 2024 quarter, which brought news of happiness for investors. The company’s net profit jumped 14% to ₹ 503 crore. It was ₹ 443 crore in the same quarter last year. Income from Torrent Pharma operations increased by 2.6% to ₹ 2,762 crore. It was ₹ 2,691 crore in the same quarter last year.
The company has also controlled its expenses. The total expenditure in this quarter was ₹ 2,151 crore, which was ₹ 2,156 crore last year. A decrease of 0.23% in expenses strengthened profits.
Dividend gift
The company has justified its investors and declared an interim dividend of ₹ 26 (520%) on shares with ₹ 5 face value. The company said that this dividend will be distributed around 17 February 2025. A record date has also been fixed on this date.
Today, Torrent Pharma shares fell 0.71% to close at Rs 3,243 on BSE. In the last one year, the company’s stock has given a return of 29%. Now after the quarterly results, the stock will be again in focus.