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Wockhardt reports 26% rise in Q4 consolidated net profit

09 May 2016 Evaluate

Wockhardt has reported results for the fourth quarter and year ended March 31, 2016.

The company has posted a net profit of Rs 6.72 crore for the quarter ended March 31, 2016 as compared to net loss of Rs 14.06 crore for the same quarter in the previous year. Total income of the company has increased by 6.12% at Rs 529.41 crore for quarter under review as compared to Rs 498.86 crore for the quarter ended March 31, 2015.

On consolidated basis, the company has posted a rise of 25.88% in its net profit after taxes, minority interest and share of profit of associates at Rs 42.90 crore for the quarter ended March 31, 2016 as compared to Rs 34.08 crore for the corresponding quarter in the FY15. However, total income of the company decreased by 2.52% at Rs 1025.47 crore for quarter under review as compared to Rs 1052.02 crore for the same quarter ended previous year.

For the year ended March 31, 2016, the company has posted a fall of 90.12% in its net profit at Rs 32.79 crore as compared to Rs 331.82 crore for the same period in the previous year. Total income of company decreased 2.56% at Rs 2274.70 crore for year under review as compared to Rs 2334.58 crore for the period ended March 31, 2015.

For the year ended March 31, 2016, on the consolidated basis, the company has posted a fall of 19.57% in its net profit at Rs 325.66 crore as compared to Rs 404.91 crore for the same period in the previous year. However, total income of company has increased by 2.56% at Rs 4543.96 crore for year under review as compared to Rs 4430.39 crore for the period ended March 31, 2015.

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