Mumbai, June 06: Torrent Pharmaceuticals Ltd has posted net profit on consolidated basis at Rs 44.29 crore for the year ended March 31, 2003 as compared to Rs 46.04 crore for 2001-02. The board has recommended a Rs eight dividend per share (of Rs 10 each) for 2002-03, the company informed the Bombay stock exchange on Thursday.

The consolidated income for the reporting year rose to Rs 452.47 crore from Rs 448.13 crore in 2001-02, it said.
Net profit and total income for the fourth quarter ended March 31, 2003 stood at Rs 9.02 crore (Rs 54.21 crore in Q4 of 2001-02) and Rs 93.19 crore (Rs 94.21 crore) respectively, it said.
On the standalone basis, the company has posted a net profit of Rs 51.77 crore for FY-03 (Rs 49.86 crore for FY-02). The total income rose to Rs 447.85 crore (Rs 445.76 crore), it said. Bureau Report