Wockhardt Q2 net profit up multi-fold at Rs 108 crore

Wockhardt reported on Friday 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 expense.

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 for the quarter under review as against Rs 1,029.16 crore for the same period a year ago.

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

The company filed 147 patents during the July-September quarter, taking the cumulative filings to 2,469. It was granted 44 patents during the said quarter and currently holds 411 patents, it added.

Shares of Wockhardt were on Friday trading at Rs 1,522.50 per scrip at 0324 hours in the afternoon trade on BSE, down 0.19% from the previous close.