Torrent Pharma Q4 results: Profit at Rs 287 crore, board announces 160% dividend
Torrent Pharma reported a net profit of Rs 287 crore for the quarter ended March 2023. The board of the Gujarat-based pharma company recommended a dividend of Rs 8 per share, subject to shareholders' approval.
Torrent Pharma on Tuesday reported a net profit of Rs 287 crore for the quarter ended March 2023, as against a net loss of Rs 118 crore for the corresponding period a year ago. The board of the Gujarat-based pharma company recommended a dividend of Rs 8 per share, subject to shareholders' approval.
Torrent Pharma Q4 results
Torrent Pharma's revenue came in at Rs 2,491 crore for the three-month period, as against Rs 2,131 crore for the year-ago period, according to a regulatory filing.
The company reported a 29.6 per cent year-on-year increase in earnings before interest, taxes, depreciation and ammortisation (EBITDA) to Rs 727 crore, including a one-off charge of Rs 10 crore.
Flipkart Big Billion Days Sale 2023: Check heavy discounts on Xiaomi, Samsung, Motorola, Vivo and more phones
Traders' Diary: Buy, sell or hold strategy on Nykaa, SBI Life, Wipro, DMart, Bata, over a dozen other stocks today
In the quarter century of Amrit Kaal, it would be logical that India also seek to be a global power: Minister S Jaishankar
India Vs Australia LIVE Score, 3rd ODI Match Updates, IND VS AUS live Scorecard: Rohit Sharma's men eye clean sweep against struggling Aussies at Rajkot
Its spending towards research and development was at Rs 150 crore for the final three months of the financial year 2022-23, as against Rs 138 crore for the year-ago period.
The company said its EBITDA margin stood at 29.2 per cent.
Torrent Pharma dividend
Torrent Pharma's board recommended a dividend of Rs 8 per share — a 160 per cent payout given the face value of Rs 5 per share, a final dividend for the financial year ended March 2023.
Torrent Pharma shares ended 0.7 per cent higher at Rs 1,717.2 apiece on BSE ahead of the earnings announcement.
Torrent Pharma dividend: When will the payment be made?
The dividend will be paid or dispatched on or around August 14, 2023, according to the company.
In February, Torrent Pharma had paid an interim dividend of Rs 14 (a 280 per cent payout) for the previous quarter.
Torrent Pharma shares: Past performance
Torrent Pharma shares finished the March quarter with a decline of 0.9 per cent, better than a 4.1 per cent fall in the benchmark Nifty index.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.