Wockhardt shares up nearly 4% on five-fold rise in Q1 net

Drug firm Wockhardt today reported an over five-fold jump in its consolidated net profit at Rs 114.20 crore for the quarter-ended June 30, 2015, mainly on account of robust sales.

The company had posted a net profit after taxes, minority interest and share of profit of associates at Rs 19.95 crore for the corresponding period of the previous fiscal, Wockhardt said in a filing to the BSE.

Consolidated total income from operations also rose to Rs 1,140.65 crore for the quarter under consideration as against Rs 991.19 crore for the same period a year ago.

Wockhardt shares were trading 3.48% up at Rs 1,652.40 apiece during pre-close session on the BSE.