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Ahmedabad-based Torrent Pharmaceuticals Ltd's stock hit a fresh 52-week high on the stock exchanges as the company posted 72 per cent jump in net profit for the quarter ended June 30, 2014.
The company posted a net profit of Rs 256 crore during the quarter against Rs 149 crore in the same period last year.
Revenues for the quarter increased 15 per cent to Rs 1,114 crore from Rs 972 crore.
Torrent Pharma shares hit Rs 785 intra-day on the Bombay Stock Exchange on Thursday before closing at Rs 741.45, up 0.74 per cent over the previous close. The 52-week low levels were seen on August 22, 2013 at Rs 385.95.
EBITDA for the quarter stood at Rs 346 crore, up 66 per cent, against Rs 208 crore in the same period last year, the company had informed in a statement on Wednesday.
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