Hot Pursuit     29-Nov-24
Torrent Pharma gets penalty of Rs 2.32 cr from Income Tax Department
Torrent Pharmaceuticals has informed that it has received a penalty of Rs 2.32 crore by the Income Tax Department under Section 271(1)(c) of the Income Tax Act, 1961, for alleged tax adjustments.
“Based on the company assessment, the company will pursue an appeal and is hopeful of favorable outcome at higher forum and does not expect the said Order to have any material financial impact on the company,” it added.

Torrent Pharmaceuticals is the flagship company of the Torrent Group. It is ranked 6th in the Indian Pharmaceuticals Market and is amongst the top five in the therapeutics segments of cardiovascular (CV), gastro intestinal (GI), central nervous system (CNS), vitamins minerals nutritional (VMN) and cosmo-dermatology.

The company’s consolidated net profit increased 17.35% to Rs 453 crore on 8.6% rise in revenue from operations to Rs 2,889 crore in Q2 FY25 over Q2 FY24.

Shares of Torrent Pharmaceuticals rallied 3.11% to currently trade at Rs 3,303.40 on the BSE.

Previous News
  Torrent Pharmaceuticals AGM scheduled
 ( Corporate News - 05-Jul-25   17:16 )
  Torrent Pharma gains after inking pact to acquire majority stake in JB Chemicals & Pharma
 ( Hot Pursuit - 30-Jun-25   16:02 )
  Stock Alert: Waaree Energies, Asian Paints, Rattanindia Ent, BHEL, Prestige Estates
 ( Market Commentary - Stock Alert 30-Jun-25   08:05 )
  Torrent Pharmaceuticals Ltd spurts 0.03%, gains for five straight sessions
 ( Hot Pursuit - 09-Jun-25   13:00 )
  Torrent Pharmaceuticals
 ( Results - Analysis 21-May-25   10:15 )
  Volumes jump at K P R Mill Ltd counter
 ( Hot Pursuit - 21-May-25   11:00 )
  Stock Alert: Dixon Tech, Torrent Pharma, United Spirits, Aster DM Healthcare, J Kumar Infraprojects
 ( Market Commentary - Stock Alert 21-May-25   08:02 )
  Torrent Pharmaceuticals consolidated net profit rises 10.91% in the March 2025 quarter
 ( Results - Announcements 21-May-25   07:37 )
  Board of Torrent Pharmaceuticals recommends final dividend
 ( Corporate News - 20-May-25   20:32 )
  Torrent Pharmaceuticals to conduct board meeting
 ( Corporate News - 14-May-25   14:06 )
  Torrent Pharmaceuticals announces resignation of ED (Strategic Planning)
 ( Corporate News - 27-Feb-25   18:47 )
Other Stories
  Rajshree Polypack bags Rs 3-cr supply order
  05-Jul-25   16:04
  Power and Instrumentation secures Rs 3-cr work order from Nyati Engineering & Construction
  05-Jul-25   15:06
  RVNL bags Rs 143 cr LoA from Southern Railway for traction system upgrade in Tamil Nadu
  05-Jul-25   13:27
  Dhanlaxmi Bank gross advances rises 17% YoY in Q1 FY26
  05-Jul-25   12:45
  Texmaco Rail secures Rs 36-cr wagon order from TCI
  05-Jul-25   12:12
  Hazoor Multi Projects bags Rs 913-cr solar order from Apollo Green Energy
  05-Jul-25   11:27
  BEML secures $6.23 million export orders
  05-Jul-25   11:04
  Shakti Pumps raises Rs 292.6 crore via QIP; PineBridge, LIC MF among top investors
  05-Jul-25   09:52
  Bank of Maharashtra’s total deposits climb 14% YoY to Rs 3.05 lakh crore in Q1
  04-Jul-25   17:35
  GPT Infraprojects bags supply contract from Bangladesh-based Standard Engineers
  04-Jul-25   16:01
Back Top