StoxBox
Login
Quarterly Result Update Q3FY24: Torrent Pharmaceuticals Ltd

Torrent Pharmaceuticals Ltd. – Q3FY24 Result Update

2 mins read
7 February 2024

Sector Outlook – Positive
Torrent Pharmaceuticals Ltd. (TPL) saw its revenue increase by 9.7% this quarter, performing better than expected due to strong sales in India, Brazil, and Germany, driven by new product launches and the success of top brands.
However, US sales dropped due to a lack of new launches. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) and profit after tax (PAT) both saw significant rises, thanks to better gross margins. 
The company’s products are doing well, with 20 brands among India’s top 500, and it leads in the generic Sitagliptin market. Torrent expects continued growth in the Indian market, outpacing the overall market growth.

Concall Highlights

  • TPL excels in branded generic markets, leading in sitagliptin sales, with 72% of revenue from branded generics. Plans for 3-5 new products yearly.
  • In India, revenue growth from new launches outpaced industry, expecting continued market lead. Focus on expanding market share, launching new products, and field force efficiency.
  • Brazil saw a 26% sales increase, with new product launches and strong pricing. Expansion plans include 3-5 new launches and increasing sales teams to boost reach.
  • Germany’s recovery due to new tender wins and optimised costs. Incremental sales expected from Q2FY25. Focus on cost efficiency, new launches, and OTC business growth.
  • US business faced challenges due to no new launches. Plans for 7-8 new products starting Q1FY25 to improve performance.

Valuation and Outlook
TPL saw strong sales growth this quarter, mainly from its business in India thanks to new products and better consumer health sales. They plan to keep beating market growth with new products and better sales strategies.
In Brazil, new launches and good pricing helped sales. Germany’s sales are up too, thanks to winning more business deals, and they plan to keep this up. The US faced challenges with no new launches, but they are planning new products to boost sales.
Overall, TPL is focusing on growing its profitable branded business and expanding globally.

Read Report

Read more about the other results declared in Q4

 
 
Facebook Linkedin
You might also Like.
StoxBox

© 2021 BP Equities Pvt. Ltd.
All Rights Reserved

Get the app
StoxBox Footer
StoxBox Google Play Store
Products
MentorBox
HotBox
More

By signing up, you agree to receive transactional messages on WhatsApp. You may also receive a call from a BP Wealth representative to help you with the account opening process

Disclosures and Disclaimer: Investment in securities markets are subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by BP Equities Pvt. Ltd. Investors should consult their investment advisor before making any investment decision. BP Equities Pvt Ltd – SEBI Regn No: INZ000176539 (BSE/NSE), IN-DP-CDSL-183-2002 (CDSL), INH000000974 (Research Analyst), CIN: U45200MH1994PTC081564. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI | ICF

Attention Investors

  1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
  2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
  4.  Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
  5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Issued in the interest of Investors

Communications: When You use the Website or send emails or other data, information or communication to us, You agree and understand that You are communicating with Us through electronic records and You consent to receive communications via electronic records from Us periodically and as and when required. We may communicate with you by email or by such other mode of communication, electronic or otherwise.

Investor Alert:

  1. Prevent Unauthorised Transactions in your demat account –> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day………………….issued in the interest of investors.
  2. KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  3. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
  4. *All subscription pricing plans mentioned across the website are exclusive of 18% GST.

BP Equities Pvt Ltd – SEBI Regn No: INZ000176539 (BSE/NSE), INZ000030431 (MCX/NCDEX), IN-DP-CDSL-183-2002 (CDSL),
INH000000974 (Research Analyst) CIN: U45200MH1994PTC081564
BP Comtrade Pvt Ltd – SEBI Regn No: INZ000030431 CIN: U45200MH1994PTC081564

For complaints, send email on investor@bpwealth.com

Copyrights © 2022 BP Group All Rights Reserved
Get the App Now