Torrent Pharma Q2: Torrent Pharma posts 24% soar in web revenue to Rs 386 crore in Q2FY24

Torrent Pharma on Monday posted Rs 386 crore web revenue, a year-on-year (YoY) rise of 24% within the second quarter ended September led by gross sales progress throughout its key markets of India, Brazil and Germany.

The corporate reported web revenue of Rs 312 crore through the corresponding interval of earlier 12 months.

Revenues rose 16% YoY to Rs 2,660 crore throughout Q2FY24, in comparison with Rs 2,291 crore in Q2FY23.

The earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) rose 22% YoY to Rs 825 crore.

The R&D spend rose 9% YoY to Rs 132 crore within the second quarter.

India gross sales that represent over half of Torrent’s revenues grew 18% YoY to Rs 1,444 crores in Q2FY24. Torrent mentioned the expansion was led by continued double digit progress in power therapies, revival in gastro demand, traction in client division, and new launches.

Curatio portfolio grew by 17% led by robust progress in prime focus manufacturers.Brazil income was up by 36% YoY to Rs 252 crore. Torrent mentioned the expansion was as a result of affect of gross sales spillover from Q1FY24.

Germany income at Rs 266 crores was up by 21%. Progress momentum continues with new tender wins coupled with higher conversion
of current tenders.

The US income declined 15% to 248 crore as a result of lack of latest launches.

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