Mumbai-based Wockhardt posted a net profit of Rs 161.8 crore for the fourth quarter ended March 31, against a net loss of Rs 565.1 crore in the same period last year. Net sales stood at Rs 938.7 crore. It had earned Rs 871.9 crore in the year-ago period.
However, on the back of lower loss from exceptional items, the company's consolidated net profit for the year ended March stood at Rs 90.5 crore. It had posted a net loss of Rs 1,000 crore for the 15 months ended March 2010. The company has shown exceptional loss of Rs 573 crore, against Rs 1,295 crore last year.
Net sales for the year stood at Rs 3,751 crore against Rs 4,501.4 crore for the 15 months ended March 2010. Shares of Wockhardt closed at Rs 337.4, down 2.7 per cent on the Bombay Stock Exchange on Thursday.
The company deposited a sum of Rs 15 crore with the Bombay High Court in respect of ad-interim relief granted in respect of winding-up petitions filed by certain lenders/banks.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app