Torrent Pharmaceuticals Ltd. Q2 FY2024 results: revenue ₹2,660 crore, up 16.1% on the year
Torrent Pharmaceuticals Ltd. (TORNTPHARM) reported consolidated revenue from operations of ₹2,660 crore for Q2 FY2024, the quarter ended 30 September 2023, up 16.1% on the same quarter a year earlier. Profit after tax was ₹386 crore, up 23.7% on the year, and earnings per share ₹11.39. The figures are the company's own, from the unaudited results it filed with NSE on 25 October 2023.
The quarter, against the one before and a year earlier
| Line | Q2 FY2024 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 2,660 | n/a | n/a | n/a |
| Other income | 26 | n/a | n/a | n/a |
| Total income | 2,686 | n/a | n/a | n/a |
| Cost of materials consumed | 433 | n/a | n/a | n/a |
| Purchases of stock-in-trade | 292 | n/a | n/a | n/a |
| Changes in inventories | -65 | n/a | n/a | n/a |
| Employee benefit expense | 503 | n/a | n/a | n/a |
| Finance costs | 91 | n/a | n/a | n/a |
| Depreciation, depletion and amortisation | 201 | n/a | n/a | n/a |
| Other expenses | 672 | n/a | n/a | n/a |
| Total expenses | 2,127 | n/a | n/a | n/a |
| Profit before exceptional items and tax | 559 | n/a | n/a | n/a |
| Exceptional items | 0 | n/a | n/a | n/a |
| Profit before tax | 559 | n/a | n/a | n/a |
| Current tax | 120 | n/a | n/a | n/a |
| Deferred tax | 53 | n/a | n/a | n/a |
| Total tax | 173 | n/a | n/a | n/a |
| Profit after tax | 386 | n/a | n/a | n/a |
| Attributable to owners of the parent | 363 | n/a | n/a | n/a |
| Other comprehensive income | -23 | n/a | n/a | n/a |
| Total comprehensive income | 363 | n/a | n/a | n/a |
| EPS, basic | ₹11.39 | n/a | n/a | n/a |
| EPS, diluted | ₹11.39 | n/a | n/a | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q2 FY2024 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.01 | n/a | n/a | |
| Debt service coverage | 0.04 | n/a | n/a | |
| Interest service coverage | 0.08 | n/a | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,660 | 2,732 | 2,745 | 2,859 | 2,889 | 2,809 | 2,959 | 3,178 | 3,302 | 3,303 | 4,197 | 4,921 |
| Expenses | 2,127 | 2,156 | 2,145 | 2,227 | 2,212 | 2,151 | 2,252 | 2,403 | 2,471 | 2,466 | 3,585 | 4,155 |
| Operating profit | 825 | 869 | 883 | 904 | 939 | 914 | 964 | 1,032 | 1,083 | 1,088 | 1,356 | 1,664 |
| OPM % | 31% | 32% | 32% | 32% | 33% | 33% | 33% | 32% | 33% | 33% | 32% | 34% |
| Other income | 26 | -33 | 31 | 24 | -16 | 33 | -18 | -37 | -27 | -13 | -17 | -12 |
| Interest | 91 | 80 | 80 | 75 | 64 | 57 | 56 | 56 | 48 | 45 | 236 | 305 |
| Depreciation | 201 | 213 | 203 | 197 | 198 | 199 | 201 | 201 | 204 | 206 | 508 | 593 |
| Exceptional items | 0 | 88 | 0 | 0 | 0 | 0 | -24 | 0 | -13 | -10 | -66 | -21 |
| Profit before tax | 559 | 631 | 631 | 656 | 661 | 691 | 665 | 738 | 791 | 814 | 529 | 733 |
| Tax % | 31% | 30% | 29% | 30% | 31% | 27% | 25% | 26% | 25% | 22% | 31% | 23% |
| Net profit | 386 | 443 | 449 | 457 | 453 | 503 | 498 | 548 | 591 | 635 | 364 | 566 |
| EPS in ₹ | ₹11.39 | ₹13.10 | ₹13.27 | ₹13.51 | ₹13.37 | ₹14.88 | ₹14.71 | ₹16.19 | ₹17.45 | ₹18.77 | ₹11.51 | ₹14.87 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 30 September 2023, filed with NSE on 25 October 2023: the result statement. All of Torrent Pharmaceuticals Ltd.'s results: NSE company page.
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