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Torrent Pharmaceuticals Ltd.’s Q4 FY21 topline remained subdued with growth in India and Germany offset by decline in U.S. sales.
Revenues stayed flattish, down 0.5% YoY to Rs 1937 crore mainly due to 30.1% YoY decline in U.S. formulations to Rs 269 crore.
Domestic sales grew 9.8% YoY to Rs 922 crore.
Brazil de-grew 3.6% YoY to Rs 189 crore. Germany business grew a robust 23.6% YoY to Rs 267 crore.
Ebitda margins expanded 189 basis points YoY to 30.0% mainly led by better gross margin performance.
Subsequently, Ebitda grew 6.2% YoY to Rs 582 crore.
Profit after tax grew 3.2% YoY to Rs 324 crore.
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