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Torrent Pharma Q4 net sales up

Torrent Pharma, a manufacturer of pharmaceutical products, has reported net sales of INR4.98bn, an increase of 9%, as compared to INR4.56bn in the prior year period.

The company has reported net profit of INR430m, compared to INR590m during the same period last year.

For FY 2010-11, sales increased 16% to INR21.61bn compared with INR18.67bn for the corresponding last year.

Torrent net profit was INR2.70bn for the FY 2010-11, an increase of 17%, compared to the INR2.31bn during the previous period.