New Delhi, Jan 30 (PTI) Drug firm Torrent Pharmaceuticals Wednesday reported an over four-fold jump in consolidated net profit to Rs 246 crore for the December 2018 quarter.Also Read - IPL New Team Auction: RP-Sanjiv Goenka Group Bags Lucknow; CVC Capital Wins Ahmedabad Franchise
It had posted a net profit of Rs 58 crore in the corresponding period of 2017-18, the company said in a BSE filing. Also Read - Torrent Pharma Q2 net profit dips 12 pc to Rs 179 crore
Consolidated revenue from operations stood at Rs 2,051 crore for the quarter, against Rs 1,463 crore a year ago. Also Read - Lavender Investments buys Torrent Pharma stake worth Rs 133 cr
In a separate filing, the company said its board has approved an interim dividend of Rs 13 per equity share.
The company said its board has recommended to members to obtain enabling approval for issuance of equity shares including convertible bonds/debentures through qualified institutional placement and/or depository receipts or any other modes for an amount not exceeding Rs 5,000 crore through postal ballot.
Shares of Torrent Pharmaceuticals closed at Rs 1,851.55 per scrip on the BSE, down 1.28 per cent from the previous close.
This is published unedited from the PTI feed.