Torrent Pharma Q3 net profit up 2 pc at Rs 251 crore

New Delhi: Drug firm Torrent Pharmaceuticals on Monday reported a 2.03 percent rise in its consolidated net profit to Rs 251 crore for the quarter ended December 31, 2019. The company had posted a net profit of Rs 246 crore for the corresponding period previous fiscal, Torrent Pharmaceuticals said in a BSE filing.

Consolidated revenue from operations of the company stood at Rs 1,966 crore for the quarter under consideration. It was Rs 2,051 crore for the same period a year ago.

The company's board has approved the re-appointment of Samir Mehta as Executive Chairman of the company for the period of 5 years effective from April 1, 2020, the filing said.