Companies

Wockhardt net profit jumps to Rs 108 cr

PTI New Delhi | Updated on January 22, 2018

Wockhardt today reported a multi-fold jump in consolidated net profit at Rs 107.59 crore for the second quarter ended September 30, mainly on account of robust sales and lower tax expenses.

The company had posted a net profit of Rs 3.63 crore during the corresponding period of the previous fiscal, Wockhardt said in a filing to BSE.

Consolidated total income from operations also rose to Rs 1,231.65 crore during the quarter under review from Rs 1,029.16 crore in the same period a year ago.

While the UK business of the company recorded a growth of 88 per cent during the quarter, India business grew 22 per cent. The US business also witnessed a growth of 2 per cent during the second quarter of this fiscal, Wockhardt said.

The company had filed 147 patents during July-September quarter, taking the cumulative filings to 2,469. It had received 44 patents and currently holds 411 patents.

Shares of Wockhardt were today trading at Rs 1,514.65 per scrip in the afternoon trade on the BSE, down 0.70 per cent from the previous close.

Published on November 13, 2015

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