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Mumbai April 26 Wockhardt Ltd has posted a profit after tax of Rs 52 crore for the quarter ended March 31, 2007, compared with Rs 4.9 crore for the corresponding period in the previous year. Total income has increased from Rs 265.2 crore for the quarter ended March 31, 2006, to Rs 296.1 crore for the quarter ended March 31, 2007.

The company clocked a consolidated net profit at Rs 66 crore for the first quarter ended March 31, 2007, against a loss of Rs 3.7 crore in the corresponding period last year. Consolidated sales, at Rs 523 crore, showed a 49 per cent growth over the corresponding quarter of 2006.

"Wockhardt's first quarter results are a demonstration of our significant upsurge and turnaround in sales and profit. Our recent Irish acquisition has also been accretive to Wockhardt's profit," Wockhardt Chairman, Mr Habil Khorakiwala, said in a statement.

"Besides, our research efforts have shown remarkable success, a classic example of which was our filing of over 40 patents and the five approvals that we received in the past few weeks alone," the note said.

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