The company said in a regulatory filing that "the board of directors has recommended to the members a final dividend of Rs 8 per equity share of Rs 5 each."
Digital Desk: On Tuesday, Torrent Pharmaceuticals Ltd. announced a consolidated net profit of Rs. 287 crores for the three months ending in March. A year before, the company posted a loss of Rs. 118 crore.
In comparison to the same quarter a year prior, the company's consolidated revenue from operations increased by 16.8% to Rs 2,491 crore during the March quarter, the company reported.
Revenue for the company's FY23 increased by 16% to Rs 4,984 crore.
The company said in a regulatory filing that "the board of directors has recommended to the members a final dividend of Rs 8 per equity share of Rs 5 each."
"It is proposed that the final dividend amount, if declared by the shareholders, be paid or delivered on or about August 14, 2023. An interim dividend of Rs 14 per equity share was previously paid during the previous quarter,” according to the company.
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