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 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 )
  Torrent Pharmaceuticals Ltd rises for third consecutive session
 ( Hot Pursuit - 07-Feb-25   13:05 )
  Torrent Pharmaceuticals Ltd slips for fifth straight session
 ( Hot Pursuit - 04-Feb-25   13:35 )
  Torrent Pharma gains after Q3 PAT rises 14% YoY to Rs 503 cr
 ( Hot Pursuit - 27-Jan-25   14:33 )
Other Stories
  Brigade Ent launches Rs 2,100 cr residential project in Chennai
  23-Jun-25   08:17
  Interarch Building bags Rs 80-cr order from Ather Energy
  21-Jun-25   14:10
  EMS emerges as L1 bidder for two major UP Jal Nigam projects worth Rs 203 cr
  21-Jun-25   13:24
  Atishay bags Rs 59 lakh contract from Alwar Central Cooperative Bank
  21-Jun-25   12:50
  Lemon Tree Hotels signs new property in Uttar Pradesh
  21-Jun-25   12:30
  Waaree Renewable Tech’s solar EPC order value rises by Rs 247-cr to Rs 1,480-cr
  21-Jun-25   11:37
  ITCONS E-Solutions secures Rs 2-cr order from Power Grid Corporation
  21-Jun-25   11:16
  Lloyds Metals commissions 4 MTPA pellet plant and 85 KM slurry pipeline in Maharashtra
  21-Jun-25   10:25
  Biocon raises Rs 4,500 crore via QIP
  21-Jun-25   09:13
  Transformers and Rectifiers ends higher after bagging export order worth $16.65 million
  20-Jun-25   16:05
Back Top