Torrent Pharma Q3 PAT increases by 42 pc

Ahmedabad, Jan 31 (UNI) City-based Torrent Pharma has posted a consolidated PAT of Rs 37 crore up by 42 per cent from Rs 26 crore for the corresponding period during the last fiscal.

The consolidated sales grew by four per cent to Rs 346 crore for third quarter ended December 31, 2007 from Rs 334 crore in the corresponding period last year.

A company release said that consolidated operating profits for Q3 were up by 48 per cent to Rs 62 crore mainly due to improved margins in view of lower employee costs and marketing spent.

The sales for nine months went up by six per cent from Rs 955 crore to Rs 1,017 crore. The international sales for the period were nearly flat with the growth of one per cent at Rs 431 crore.

UNI PVN GR AG1900