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Torrent Pharma limited reported total revenue from operations at ₹1937 crores down by 1% YoY from ₹ 1948 crores in Q4FY20. Domestic market revenue was up by 10% at ₹922 crores while USA has reported a degrowth of 30% at ₹269 crores. Germany market was a complete surprise, reported revenue growth of 23% at ₹267 crores.  Profit before tax for the quarter at ₹383 crores up by 30% as compared to ₹293 crores in Q4FY20, on back of saving in other expenses during the quarter. Company reported a flat Gross margin in Q4FY21. Profit after tax for the quarter at ₹324 crores in Q4FY21 as compared to 314₹ crores up by % in Q4FY20.

Torrent pharma reported a flat set of numbers, revenue growth in India & Germany market was very good but USA hit the overall growth. On the Margin side also no major changes. We expect domestic business to cool off in near future as covid daily cases have started going down and expect recovery in the USA market.

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