Torrent Pharma shares jump 3% as Q4 EBITDA rises 9.2% YoY to Rs 964 crore
Torrent Pharmaceuticals shares jumped over 3% in morning trade following robust Q4FY24 earnings. As of 9:27 AM, the shares were trading 3.17% higher at Rs 3,344.20,
The company reported a net profit of ₹498 crore, marking a 10.9% year-on-year (YoY) growth from ₹449 crore in the same quarter last year.
Advertisement
Revenue rose 7.8% to ₹2,959 crore, compared to ₹2,745 crore in Q4FY23, driven by strong performance across key geographies and therapeutic areas. The company also reported healthy EBITDA growth of 9.2% at ₹964 crore, up from ₹883 crore. Operating margins remained steady at 32.6%, reflecting consistent cost control and operational efficiency.
Torrent Pharma's Board of Directors has recommended a final dividend of ₹6 per equity share (120%) for the financial year ended March 2025. This is in addition to the interim dividend of ₹26 per share declared earlier, taking the total dividend payout for FY25 to ₹32 per share.
Torrent Pharmaceuticals opened at ₹3,245.00 today, matching its low for the session. The stock climbed to a high of ₹3,365.00 during the day. Currently, it trades between a 52-week high of ₹3,590.70 and a low of ₹2,570.45.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
11 hours ago
- Business Upturn
U.S. President Trump says he has no hard feelings for Musk, leaves door open for reconciliation
By Aditya Bhagchandani Published on June 11, 2025, 17:40 IST U.S. President Donald Trump has downplayed recent tensions with Elon Musk, saying he holds 'no hard feelings' despite their very public feud over the past week. His comments come shortly after Musk posted on X, formerly Twitter, that he 'regrets some of [his] posts' about Trump, admitting, 'They went too far.' In an interview addressing the ongoing spat, Trump said he was surprised by Musk's criticism of the 'One Big Beautiful Bill Act,' which the President described as 'phenomenal' and 'the best thing we signed in the country.' 'When he did that, I was not a happy camper,' Trump said, adding, 'I don't know what his problem is… I haven't thought too much about him in the last little while.' Despite the fallout, Trump appeared to extend an olive branch, stating, 'I think he feels very badly he said [those things]… I was disappointed in him, but it is what happens. I don't blame him for anything.' When asked about the possibility of reconciling with Musk, Trump replied, 'I guess I could, but we have to straighten out the country.' This marks a potential cooling in tensions that had escalated sharply in recent days. Musk had accused Trump of suppressing the Epstein files and labeled the tax proposal a 'pork-filled abomination,' prompting Trump to suggest pulling federal contracts from Musk-led ventures. Musk responded by threatening to halt NASA-related SpaceX missions and hinted that Trump owed his 2024 victory to Musk's influence. As of now, no direct meeting has taken place, but Musk's heart emoji response to Trump's earlier 'wish him well' remark has kept speculation alive about an eventual reconciliation between the two powerhouses. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
11 hours ago
- Business Upturn
Waaree Energies signs PPA for 150 MW solar power supply to MPPMCL under RUMSL project
By Aditya Bhagchandani Published on June 11, 2025, 18:54 IST Waaree Energies Limited has signed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited (RUMSL) and Madhya Pradesh Power Management Company Limited (MPPMCL) for the supply of 150 MW solar power. This marks a significant development in the 170 MW solar project initially awarded to its wholly owned subsidiary, Waaree Forever Energies Private Limited (WFEL). According to the company's exchange filing on June 11, 2025, the execution responsibility for the project will now rest with the parent entity, Waaree Energies Limited. The project will generate clean energy through the Inter-State Transmission System (ISTS), contributing to India's renewable energy mission. This solar power will be supplied to MPPMCL and Indian Railways, aligning with national targets of increasing green energy consumption. The agreement reinforces Waaree's commitment to driving sustainable infrastructure and bolstering the energy transition across key sectors. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
15 hours ago
- Business Upturn
IEX shares fall nearly 10% as reports suggest Power Minister to consider consultation on market coupling
Shares of Indian Energy Exchange (IEX) fell sharply on Tuesday, plunging 9.74% to Rs 189.56 on the NSE following news that the Power Ministry will begin stakeholder consultations on market coupling — a structural change that could reshape power trading in India. The stock witnessed a steep intraday fall from above Rs 210 to below Rs 197 after CNBC-TV18 reported that the Power Minister would apprise stakeholders about the benefits of market coupling. Government sources confirmed that the process would be carried out via a broad bid rather than an internal mechanism, a move seen as potentially dilutive to IEX's standalone market power. The development revives market concerns from earlier this year, when the Power Secretary indicated that both the Ministry and the Central Electricity Regulatory Commission (CERC) were reviewing a Grid Controller report on market coupling. Market coupling refers to integrating multiple electricity exchanges to determine a single uniform market clearing price. Analysts believe such a shift may weaken IEX's pricing independence and could trigger structural changes in its current business model. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
