Torrent Pharma Q1 net slumps 55% to R292 crore

Drug firm Torrent Pharmaceuticals on Wednesday reported a 55.07% fall in consolidated net profit at R292 crore for the June quarter due to a dip in company’s US business. The firm had posted a net profit of R650 crore for the same period year ago, Torrent Pharmaceuticals said in a filing to BSE. Consolidated total income from operations also declined to R1,545 crore for the quarter under consideration.