Torrent Pharmaceuticals Q4 reports net loss of Rs 1.69 crore

Mumbai, May 23 (UNI) Torrent Pharmaceuticals Ltd has posted a net loss of Rs 1.69 crore for the quarter ended March 31 as compared to net profit of Rs 3.30 crore for the quarter ended March 31 last year.

Announcing the results, the company said its total income (net of excise) has increased from Rs 106.04 crore in Q4 FY 04-05 to Rs 153.51 crore for Q4 FY 05-06.

The company has posted a net profit of Rs 65.83 crore for the year ended March 31 as compared to Rs 52.92 crore for the year ended March 31 last year. Total Income (net of excise) has increased from Rs 501.75 crore in FY 04-05 to Rs 693.27 crore for FY 05-06.

As per the consolidated results, the Group has posted a net loss of Rs 1.27 crore for the quarter ended March 31. Total Income (net of excise) is Rs 246.73 crore for Q4 FY 05-06. The figures for the quarter ended March 31 this year are unaudited.

The Group has posted a net profit of Rs 50.86 crore for the year ended March 31 (FY 05-06) as compared to Rs 48.76 crore for the year ended March 31 (FY 04-05). Total Income (net of excise) has increased from Rs 551.94 crore in FY 04-05 to Rs 968.46 crore for FY 05-06.

The Board has recommended a dividend of Rs 2.5 per share of Rs 5 each.

Further the company has informed that, the Board has approved raising of fund equivalent to USD 150 million with a Green Shoe Option upto 15 per cent by issuing equity or equity linked securities in the domestic or international markets, subject to approval by members.

UNI SN KU VKG1830