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Wockhardt reports five fold jump in Q1 consolidated net profit

10 Aug 2015 Evaluate

Wockhardt has reported results for first quarter ended June 30, 2015.

The company has reported a net loss of Rs 24.98 crore for the quarter ended June 30, 2015 as compared to a net profit of Rs 5.35 crore for the same quarter in the previous year. The company’s total income has increased by 7.34% to Rs 522.97 crore for the quarter under review, from Rs 487.23 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported over fivefold jump in its net profit after tax, minority interest and share of profit/(loss) of associates at Rs 114.20 crore for the quarter ended June 30, 2015 as compared to Rs 19.95 crore for the same quarter in the previous year. Total income of the company has increased by 17.33% at Rs 1179.41 crore for quarter under review as compared to Rs 1005.18 crore for the quarter ended June 30, 2014.

Pursuant to the amalgamation of Wockhardt Biopharm and Vinton Healthcare with the company with effect from April 01, 2014, which was accounted for during the quarter ended March 31, 2015, the figures of current quarter are strictly not comparable with the figures for quarters ended March 31, 2015 and June 30, 2014.

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