This Tata company made a huge profit
Business Business: Shares of Tata Group company Torrent stock rose 13 per cent in afternoon trade on BSE today. Tata shares crossed the Rs 6,000 mark for the first time at Rs 6,375 per share. The rise came after the June quarter results were better than market expectations. Today, the company’s shares closed 11 per cent higher at Rs 6,276.90 on the BSE.
Torrent today announced its financial results for the first quarter of 2025. Standalone revenue grew 56% year-on-year to Rs 4,104 crore. This is because Judio’s branches open early. Other lifestyle stores are also performing well.
EBITDA rose 66.80% to Rs 612.7 billion in the first quarter. At the same time, Torrent’s profit after tax rose 134 per cent to Rs 391.2 crore and the share price of the Tata Group company rose 266.20 per cent. At the same time, the stock price of this company rose 63% in six months. Meanwhile, investors who have held the stock for three months are up 39% so far, while the company’s 52-week low is Rs 1,790.95.
As of June 30, 2024, Torrent’s store portfolio included 228 Westside stores, 559 Zudio stores and 36 other stores. In the June quarter, the company opened 6 new Westside stores and 16 new Zudio stores in 12 cities. This has increased Torrent’s presence to 178 cities.
