Reuters India Business

(Reuters) – India’s Torrent Pharmaceuticals reported a smaller-than-expected third-quarter profit on Friday, hurt by the planned closure of its insulin manufacturing facility. The company, known for its calcium supplement Shelcal 500, reported a near 14% rise in consolidated net profit to 5.03 billion rupees ($58.3 million) for the quarter ended Dec. 31, missing analysts’ estimates …

India’s Torrent Pharma misses Q3 profit estimates, hurt by insulin plant closure Read More »

(Reuters) – India’s Shriram Finance reported a more than 14% increase in adjusted quarterly profit on Friday, boosted by strong demand for business and vehicle loans. The non-banking finance company (NBFC) reported a standalone adjusted profit of 20.80 billion rupees ($241.3 million) for the third quarter ended Dec. 31, compared to 18.18 billion rupees a …

India’s Shriram Finance posts 14% rise in Q3 profit on robust lending growth Read More »

(Reuters) – India’s Orient Cement reported a slump in third-quarter profit on Friday due to weak prices of the key construction material amid seasonally low demand. The company reported a net profit of 101.4 million rupees ($1.2 million) in the quarter, a fourth of what it had reported in the year-ago quarter. Its revenues fell …

India’s Orient Cement Q3 profit slumps as weak pricing adds to soft demand Read More »

(Reuters) – Granules India reported a drop in third-quarter profit on Friday, hurt by pricing pressure in its key European market. Consolidated profit fell to 1.18 billion rupees ($13.7 million) for the quarter ended Dec.31, from 1.26 billion rupees a year earlier. Granules, which generates about two-thirds of its revenue from North America and 10% …

Granules India’s Q3 profit falls on weak drug pricing in Europe Read More »