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India’s Torrent Pharma posts Q2 profit rise on strong demand

by October 23, 2023 0

Torrent Pharmaceuticals, an Indian drugmaker, reported a nearly 24% increase in second-quarter profit, reaching 3.86 billion rupees ($46.4 million), driven by strong demand in the domestic market and Brazil. Revenue from operations rose by 16.1%, with sales increasing by 18% in India and 36% in Brazil. The company is in talks with private equity...

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